Does max supply matter in Crypto?

As an avid follower of the cryptocurrency market, I often ponder over the significance of the maximum supply of a given coin. Does this metric truly hold the key to unlocking its potential value? Or is it merely a number that investors use to justify their investment decisions? I'm eager to understand if the limited availability of a cryptocurrency's supply inherently drives up its demand and, consequently, its price. Additionally, I'm curious about how the concept of scarcity in crypto compares to traditional financial assets and whether it holds equal weight in influencing market behavior. Can you provide insights into the role of max supply in the world of cryptocurrency?