What are the driving factors for crytpocurrency valuation?
Scarcity? Utility? Use? Demand? Network? or am I off base already?
All cryptocurrency price is base in supply and demands the more demands of this coins the higher the value of this and the more people selling there coins the more also lower there price.
You are correct mate, is is basically based on demand and total supply that is the best thing that you can see if crypto is really potential or not. Because the more people like it the more it has many buyers and the whales are going to buy this.