What does the value of cryptocurrencies depend on?
Price fluctuations in cryptocurrency are not just numbers on a screen; they are a real drama that plays on the nerves of investors and traders. Let's look at the factors that shape the price of coins.
📈 Supply and demand
This is a fundamental economic principle that shapes the price of any asset. When there are many tokens in circulation and few buyers, the price falls. In the opposite situation — when there are few tokens and many buyers, the price rises.