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Board Beginners & Help
Re: How does a cryptocurrency gain value?
by
un_rank
on 28/02/2024, 18:18:57 UTC
What's cryptocurrency?
It's a decentralized encrypted exchange unit.
Most cryptocurrencies are not decentralized and certainly not encrypted (Bitcoin isn't encrypted either).

Demand and supply is a primary factor, there are so many other secondary factors that affects it leading to a change in price, understanding of these allows you make a calculated guess, how exactly the market will react in different scenarios cannot be predicted.

- Jay -