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How does crypto currency go up in price ?
If there is significant demand for a particular coin, but the currently available supply is limited, then the price increases. The demand for coins sometimes rises regardless of the currency’s true value – this is termed overbought. Alternatively, if a significant quantity of a coin is sold without a solid reason, it is described as oversold.
crypto currency prices ESSENTIALS
Price is determined by the relationship between supply and demand.
- The total amount of most cryptocurrencies is limited by max supply.
- Overbought coins are in high demand and are usually expensive.
- Oversold coins are in high supply and are usually underpriced.
- Supply and demand of cryptocurrencies
- The law of supply and demand is an economic theory that determines the relationship between the supply of a particular good or service and the demand for it, to see what effect that has on its price. The theory describes the fluctuations in the price of anything that can be exchanged on a market.
If a coin is in short supply or if the demand for it is high the situation results in an increase in price. Those who wish to buy it are willing to compete by offering ever higher prices. Alternatively, if a cryptocurrency is in abundance and if the demand for it is low, the prices fall.
In this article, we present to you the world's most referenced source for price tracking of crypto-asset groups in the fast-growing cryptocurrency space. Its mission is to make encryption globally discoverable and efficient by enabling hash users with unbiased, high-quality, and accurate information to draw their own informed conclusions.
Cryptocurrencies are a tradable asset, much like stocks, commodities, securities and so on. Their price is determined by how much interest there is on the market in buying them – that’s called demand – and how much is available to buy – that’s supply. The relationship between the two determines the price.
The best sources to discover crypto currency prices
1. CoinMarketCap
CoinMarketCap is a great source of data for both novice and experienced crypto traders, even without paying for the premium API service. With a great level of customization, it's easy to see why CoinMarketCap is such a popular site.
Via CoinMarketCap it is possible to discover crypto currency prices at the present time .
2- Coinbase
Coinbase is the largest U.S.-based cryptocurrency exchange, trading nearly 100 cryptocurrencies. Coinbase fees, however, can be confusing and higher than some competitors. While Coinbase offers attractive security features, cryptocurrency trading is highly volatile, so always consider the risks.
On the main page, you will notice the crypto currency prices fluctuations in the last 24 hours .
3- CoinGecko
CoinGecko was founded in 2014 by TM Lee (CEO) and Bobby Ong (COO) with the mission to democratize the access of crypto data and empower users with actionable insights. We also deep dive into the crypto space to deliver valuable insights to our users through our cryptocurrency reports.
The platform gives you the market value of many traded cryptocurrencies .
4- Yahoo Finance
Via Yahoo Finance you can Find a list of top cryptocurrencies and their prices in real .In the main interface you will find the real prices of cryptocurrencies in real time, and they are categorized:
5- GOLDPRICE - cryptocurrency price
GOLDPRICE - The #1 gold price site for quick download of live gold price charts in ounces, grams and kilograms in every national currency in the world.
It also has a special page for real-time crypto currency prices .
>> Cryptocurrency - Here's What You Should Know About It <<
6- Crypto
The purpose of this site " Crypto " is to provide you with the prices of various cryptocurrencies and real-time trading prices , It also shows you NFT prices .
7- Live Coin Watch
Live Coin Watch : Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring 15363 coins on 414 exchanges
We have provided you with some of the best websites, through which you can know the fluctuations of crypto currency prices in real time, I hope the article has helped you
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