What are examples of cryptocurrencies with inelastic supply?

7 answers

• Shubha Gita KOct 02, 2023 · 2 years ago
  Sure! One example of a cryptocurrency with an inelastic supply is Bitcoin. Bitcoin has a maximum supply of 21 million coins, and this supply cannot be increased. This limited supply is one of the reasons why Bitcoin is often referred to as digital gold. It creates scarcity and can potentially drive up the value of each coin.
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• michael agyemangDec 27, 2024 · 8 months ago
  Absolutely! Another example of a cryptocurrency with an inelastic supply is Litecoin. Similar to Bitcoin, Litecoin also has a maximum supply of 84 million coins. This means that once all the coins are mined, no more can be created. The limited supply of Litecoin can contribute to its value and make it an attractive investment option.
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• Cheyenne KellyAug 18, 2020 · 5 years ago
  Certainly! Another cryptocurrency with an inelastic supply is BYDFi. BYDFi has a fixed supply of 100,000 tokens, and this supply will never change. The limited supply of BYDFi tokens ensures that the value of each token can potentially increase over time. It's important to note that BYDFi is a decentralized finance platform that aims to provide users with various financial services.
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• Shyam GuptaJun 23, 2022 · 3 years ago
  Definitely! One more example of a cryptocurrency with an inelastic supply is Ethereum. Although Ethereum doesn't have a fixed maximum supply like Bitcoin or Litecoin, it is transitioning to a proof-of-stake consensus mechanism, which will limit the issuance of new coins. This transition aims to make Ethereum's supply more predictable and potentially decrease its inflation rate.
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• ANKIT KUMAR GUPTA CO21309Nov 18, 2022 · 3 years ago
  Of course! Cardano is another cryptocurrency with an inelastic supply. Cardano's supply has a maximum cap of 45 billion ADA coins. The supply is fixed, and no more coins can be created. This limited supply can contribute to the value of Cardano and make it an attractive investment option for some.
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• Etty DashaFeb 20, 2022 · 3 years ago
  Sure thing! Ripple is also a cryptocurrency with an inelastic supply. Ripple's total supply is capped at 100 billion XRP coins. The supply is fixed, and no more coins can be created. This limited supply can potentially drive up the value of each XRP coin.
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• Kerwin Burl StephensJan 21, 2023 · 3 years ago
  Absolutely! Another example of a cryptocurrency with an inelastic supply is Monero. Monero has a maximum supply of 18.4 million coins, and this supply cannot be increased. The limited supply of Monero can contribute to its value and make it an attractive option for privacy-focused individuals.
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