Who Determines the Price of Cryptocurrencies?

in #cryptocurrency • 5 years ago

For those of you wondering:

  • How the price of cryptocurrencies are determined across the hundreds of different exchanges around the world
  • How the prices stay consistent on different exchanges
  • And how they are then displayed for the public on platforms like coinmarketcap.com... This one is for you!

#trading #cryptotips #video #steemleo
5 years ago in #cryptocurrency by
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     5 years ago 

    When I first joined Steem, I thought it was you that determined the price of Cryptocurrency :D

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     5 years ago 

    The price is determine by demand & offer, as happens in all the products and services offered in a market

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       5 years ago 

      I think the main thing is adoption. If more and more people adopt it the prices will increase.

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