What Causes Increase and Decrease in the price of Cryptocurrency?

AgoraForo - Digital Marketplace & Freelancer Forum

riberet19

Notable
Member
Jan 7, 2023
3,245
347
Dex
$0.000
Raw Dex
$1.120
There are many factors such as market sentiment, spot purchases and sales, futures purchases and sales as well, positive or negative news can drive sentiment and thus purchases in general, which increases demand and decreases supply, increasing the price.
 

LoukiaCharilaou

Notable
Member
Jul 28, 2022
4,208
490
Dex
$0.100
Raw Dex
$0.020
This is a very good question indeed. I would also like to know what causes these fluctuations. I am sure that there are several factors that determine the price of cryptocurrencies we do not know.
 

gammarays

Notable
Member
Sep 15, 2022
1,638
138
Dex
$0.000
Raw Dex
$0.000
The crypto market just works like the physical market. The law of demand and supply affects it. When there is high demand for a token, the price will pump and vice versa.
 

Blessed19

Notable
Member
Mar 1, 2023
1,728
105
Dex
$0.000
Raw Dex
$0.000
I'm yet to figure out if what is the reason of sudden increase and decrease in the price of different cryptocurrency and would love to learn in simple language. Thanks
If you look at it this way, the rise of Bitcoin and other crypto coins in the market depends on the rate at which it is being invested on as when it is being sold or swapped there is a lot certainty of it dipping and if there is massive money pumped into it then there is always a high possibility of the coin getting a good and considerable amount of rise in the price value of the coin.
 

Suba

Notable
Member
Nov 11, 2022
3,879
471
Dex
$0.000
Raw Dex
$1.585
It is true that the demand and supply dynamics is responsible for the increase and decrease in the prices of cryptocurrencies.
Basically, the influence of the market price of any item is influenced by demand and supply factors, but it is more difficult to study the causes of changes in demand and supply factors, we often use fundamental analysis and market sentiment.
 

cherry123

Popular
Member
Sep 5, 2022
27,664
2,613
Dex
$2.571
Raw Dex
$0.001
I think major causes of the increase and decrease in the prices of cryptocurrency which is because of the level of demand and supply in the crypto-currency market available all the time
 
Back
Top