Over these past few weeks, the market seems to love coins that are under $1. They immediately give the impression that they are affordable and has amazing potential to 10x or 100x in value. Numbers like $15,000 for a coin seem intimidating and unaffordable ... who wants to own 0.001 of a coin anyways?
This is called unit bias - we prefer specific units even though we should be looking at the total supply and market cap. The price is a result of the supply, but the supply is an arbitrary number made by the designers of the coin. It's just as easy to make a 10,000,000 supply coin as 10,000,000,000,000,000. The larger the supply, the cheaper the coin. But this doesn't have anything to do with its tech and how good a coins is.
I made this following table to show the price current coins if they had the SAME total supply as bitcoin (assuming current values, excluding potential mining) :
Now ask yourself.. would you really but that coin if it was priced like this?