Cryptocurrency Price

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Below given are few factors that act as the driver of cryptocurrency price are:

Bitcoin Value

Since the rise and fall of Bitcoin highly impact the value of other cryptocurrencies.

Number of Investors

Presence of huge number of investors enhances the confidence in other people and increases the demand or price of cryptocurrency.

Scams

Incident of scams wholly affects the value of cryptocurrency. For instance, when the developers dump their pre-mined holdings or coins, it actually crashes the value for other investors.

Public Perception

Public perception of a cryptocurrency, positive or negative, matters a lot when it comes to the value of the currency.

Demand and Supply

It is also enumerated that the theory of demand and supply are the basic factor that affects the price of cryptocurrency.

Cryptocurrency Price

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