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.
Supply and demand are the two major factors in the world of crypto coins that determine the value of a specific digital currency with time. For instance, bitcoin is available in a very scarce amount but its demand is at high levels. But there is more to story than that. It is also the actions of big investors that effect the price greatly. Whenever a big selling out or buying is done, the value decreases and increases a lot respectively.