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!

cryptocurrency trading cryptotips video steemleo
5 years ago 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 

    🤣

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      3 votes
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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 

        Exactly.

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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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