Hi everyone, since I'm still a newbie, and I didn't even tried trading,
I'm just wondering what factors affecrs th price of the token.
And also why some exchanges have higher selling price and others have lower selling price. Can you share your thoughts?
The first impression to affect the price of the altcoin is its project itself. The very point is that most of the investors may prefer projects with a successful and realizable consideration; having a transparent community and a solid team to create an innovation in the blockchain generation. Thus, it would create the value of a particular altcoin in the market; however, there are many considerations aside from this factor to recognize the price of an altcoin. There we have the factor of economy, people, community, government, businesses, internal factor such as managing the ICO, and etc.