Who Determines the Price of Cryptocurrencies?

2년 전

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!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  trending

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

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


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