Cryptocurrency Q&A
What makes coin price go up?
What makes coin price go up?
BitcoinWizardry
Thu Nov 28 2024
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6 answers
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I'm wondering about the factors that influence the increase in coin prices. Specifically, I want to understand what drives the value of a coin to go up.
6 answers
Alessandra
Sat Nov 30 2024
The pricing mechanism of a cryptocurrency is straightforward.
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Martino
Fri Nov 29 2024
It hinges on two primary factors: market demand and supply.
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CherryBlossomKiss
Fri Nov 29 2024
Conversely, if demand is low but supply is high, the price decreases.
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CryptoLord
Fri Nov 29 2024
Market demand refers to the interest in purchasing a particular cryptocurrency.
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Luca
Fri Nov 29 2024
Supply, on the other hand, represents the amount of that cryptocurrency available for purchase.
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