Cryptocurrency Q&A
What makes crypto go up?
What makes crypto go up?
ZenBalance
Thu Nov 07 2024
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5 answers
1150
I'm wondering what factors or reasons cause the value of cryptocurrencies to increase. I want to understand the dynamics behind the rise in crypto prices.
5 answers
Chiara
Sat Nov 09 2024
The pricing of a cryptocurrency is influenced by two primary factors.
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Alessandra
Sat Nov 09 2024
These factors are the level of interest in purchasing the cryptocurrency, known as demand, and the quantity available for purchase, referred to as supply.
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noah_harrison_philosopher
Sat Nov 09 2024
When demand for a cryptocurrency is high, but its supply is low, a scenario of scarcity arises.
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Eleonora
Sat Nov 09 2024
In such cases, due to the competitive nature of buyers, the price of the cryptocurrency tends to increase.
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Caterina
Fri Nov 08 2024
Conversely, if the demand is low but the supply is high, indicating an excess of the cryptocurrency, the price usually decreases.
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