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Board Marketplace
Re: about the price of cryptocurrency
by
GregH37
on 19/10/2018, 11:02:59 UTC
I am newbie just know bitcoin and cryptocurrency 5 months ago whether other cryptocurrency besides bitcoin can compete with current bitcoin value or value and what only bitcoin can be the leader of this cryptocurrency and what is the alignment of a cryptocurrency currency that the price becomes very high
The price of Bitcoin is being determined by the rate of demand and supply. And as to whether any other cryptocurrency (altcoins) would be able to beat the value of Bitcoin, I don’t think anybody would give you a YES as the answer.

Bitcoin is the first and has been around for long and gotten itself a kit of trusted investors. If you check the market cap of Bitcoin there is a huge difference between it and others. There are fast rising altcoins just like XRP and ETH, but none of them would be able to get above Bitcoin.