Скачать или смотреть 5 Important Factors that Impact Crypto Prices | Factors Influencing Bitcoin Price

We are going to tell you about the factors affecting the prices of cryptocurrencies, so that you can be smarter with your holdings.

✅ Supply and demand:- The supply of certain coins is fixed, like bitcoin but some coins go through a process called burn to manage the money flow, these usually tend to affect the price positively conversely, negative news about that currency may lead to a decline in the price.
✅ Availability on exchanges:- If a token is available on a large number of crypto exchanges, it increases the number of people buying and using that token. If you need two or more exchanges to swap any cryptocurrency token, you will pay a fee for each swap, raising the investment cost.
✅ Adoption by the masses:- The value of a currency can shoot through the roof if the masses adopt it. Because of the limited number of cryptocurrency units available, the demand increases, increasing its prices.
✅ Regulations:- As bitcoins and other cryptocurrencies are poised to become more mainstream, the chances of them coming under some form of government regulation are relatively high. The imposition of regulations would lead to digital money becoming more centralized, causing a considerable impact on cryptocurrency prices.
✅ Social media: Social media hype, or influential people on it, can raise or lower a cryptocurrency’s price. For example, Elon Musk’s tweet about his new pet Shiba Inu resulted in a sudden rise in the price of the Shiba Inu meme coin.

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