it is always supply and demand.
the supply part is how many coins are available, the total supply and circulating one. the miner rewards or the way it is distributed, the sell pressures these create, what other rewards there are,... and generally things like that.
the demand is affected by the technology behind it. sometimes it is purely speculative which only lasts a short time (mostly pump and dump) sometimes there are other things such as real world usage of bitcoin as a decentralized currency when people actually use it or the anonymity of transactions that Monero offers. or the investment in ICOs that forces you to buy ETH tokens.
the size of this demand determines the price
and type of this demand and how long it can last determines how long that reached price can last.
Topic: name what's affecting the cryptocurrency price - page 2. (Read 611 times)
hi there
can you name what's affecting the cryptocurrency price?
from what i know it's the supply & demand, technology and team behind the coin, and regulation.
if you name what's affecting the price please elaborate so maybe we can learn new things from you're insights
can you name what's affecting the cryptocurrency price?
from what i know it's the supply & demand, technology and team behind the coin, and regulation.
if you name what's affecting the price please elaborate so maybe we can learn new things from you're insights
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