I have long felt the price of crypto down, I am panicked to see the current market situation, please tell me, what causes the price of crypto down?
The price of a coin depends on many factors. The main ones are supply and demand. Also, the price is affected by news (positive or negative) and the market situation in general.
yeah, I also only know these two factors because those are the two things that have a big influence on market movements, regarding other factors I still don't know about it and now I know the cause of the decline in all prices in the market is because there is a negative issue to cryptocurrency.
From my point of view I guess the ICO's are the big draw back as most of them are scammers also the demand and supply are expected for the increase in value. Where most of the investors have hold their coins for a better return. When the coins play in the market obviously the price will increase.