I think the percentage of people holding a particular coin as an effect on the price of the coin because if it is a coin that is really in demand and people are really after more people holding it will mean that lets of the coin is in circulation which in turn in turn makes the coin most cars and scarcity always drives the body of cryptocurrency Bitcoin for example has a lot of people holding it and with the Bitcoin Alvin that keeps happening every couple of years the history of Bitcoin keeps increasing due to the decrease in supply this in turn into ice the price of BTC up