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.
Adding on your point... this is very right and not only in Crypto currencies but demand and supply determine the price of a particular x in most of the markets