6 Factors that Influence the Price of Cryptocurrencies

Given the massive and unpredictable volatility that cryptocurrencies have experienced ever since Bitcoin’s trading debut around nine years ago, one might be resigned to using mere guesswork to forecast the future direction of crypto prices. But it is possible to conduct a more scientific projection by being aware of several indicators and parameters that have previously influenced the price of Bitcoin, Ethereum et al. We identify 6 of the most important of these factors: 1) Market Forces As with many assets, supply and demand play a hugely influential role in determining the price of cryptocurrencies. Indeed, token supply might be…...