Post
Topic
Board Trading Discussion
Re: New to Trading
by
illnino
on 10/04/2018, 18:03:04 UTC
What are the driving factors for crytpocurrency valuation?

Scarcity? Utility? Use? Demand? Network? or am I off base already?
,

It's always depend on the use and demand of a cryptocurrency, the more useful it is for the people, the more demand and a higher price it would be. And it's one of the most important factor for a cryptocurrency that will help to everyone to choose the best crypto that we might use for investing or trading that will give us the profit that we always wanted.

Demand always plays the most important role here. Now people are interested in many alternative cryptocurrencies. I see they are ready to buy OmiseGo, NEO, Candano, EOS, Stellar.