I want to understand the indicators or methods that can help me predict the rise or fall of cryptocurrencies so that I can make informed decisions about buying or selling.
7 answers
Claudio
Mon Dec 02 2024
The pricing mechanism of a cryptocurrency is quite straightforward.
Dario
Mon Dec 02 2024
It hinges on two primary factors: market demand and supply.
Carolina
Mon Dec 02 2024
Demand refers to the willingness and ability of investors to purchase a particular cryptocurrency.
ethan_lewis_journalist
Sun Dec 01 2024
Supply, on the other hand, represents the amount of that cryptocurrency available for trading.
CharmedClouds
Sun Dec 01 2024
When demand is high, but supply remains low, a scenario of scarcity emerges.