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Topic: Why the price of dForce token is lower than 1inch? (Read 21 times)

mk4
legendary
Activity: 2786
Merit: 3845
Paldo.io 🤖
September 27, 2021, 05:21:48 AM
#2
Pretty simple— because people value 1inch's token more compared to dForce's token. What decides the price of a certain asset is supply and demand. Demand being a huge contributing factor because the supply doesn't matter much if there's no demand. You could have a token that has a really low supply of 100 but if no one wants it, then it will still be worth pennies(or literally nothing).
member
Activity: 117
Merit: 10
Wise men speak because they have something to say
The circulating supply of 1inch token is much more comparing to dForce but the price of dForce token is much lower, why this difference?
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