what factor altcoin price depend ?

[davidmckillip]

What factors can affect to price of altcoin? Can price of altcoin depend on world economic factors or economic occurrences?

[Yuuto]

What factors can affect to price of altcoin? Can price of altcoin depend on world economic factors or economic occurrences?

Altcoins don't really relate to real world economy that much. But it does relate a lot to bitcoin.

If bitcoin experiences a bull market, then so will altcoins. The specific prices are determined by supply and demand on the free market.

And usually, altcoins are more volatile than bitcoin which means that when bitcoin is fluctuating, altcoins will usually go in the same direction as bitcoin and some more. For example we saw altcoins outperform BTC in times of big price swings last year, e.g. ETH, XRP etc.

[ManaMan]

What factors can affect to price of altcoin? Can price of altcoin depend on world economic factors or economic occurrences?

There are really many factors that influence any market and trying to justify and find reason might be pointless sometimes. Altcoins are usually tied with bitcoin price but this doesn't have to be this way, mostly what affects their price is what dev team is doing in the background and how well is marketing done as well as shilling on the internet.

[Blas]

What factors can affect to price of altcoin? Can price of altcoin depend on world economic factors or economic occurrences?

The one factor that affect all of the altcoins is Bitcoin's price. All of the investors are following Bitcoin very close and their actions are reflecting to alts.

[kryptqnick]

What factors can affect to price of altcoin? Can price of altcoin depend on world economic factors or economic occurrences?

There are really many factors that influence any market and trying to justify and find reason might be pointless sometimes. Altcoins are usually tied with bitcoin price but this doesn't have to be this way, mostly what affects their price is what dev team is doing in the background and how well is marketing done as well as shilling on the internet.

I think that potentially the prices should be affected by the development process and some technical upgrades, but it not the case. Surely the world economy is also not something important here. Investors and what they care about is. Unfortunately, as the market's price pumps and drops show, what really matters here is news on what various companies plan to do. News on wallet update on NEO got its price like a temporary 20% growth, for instance, while some half-fake news about Korea banning the exchanges and then the news on Facebook and Google banning ads made the whole market go about 50% down. People should admire the ideas, the tech and stuff like that, but they care about some regulations and advertising instead.

[OluwaTosin10]

What factors can affect to price of altcoin? Can price of altcoin depend on world economic factors or economic occurrences?

Bitcoin aside, altcoin price depends on you and me, if you decide to sell an altcoin below ico price for any reason, you have destroyed its market alreaDY and the tendency to recover for each token is rare and requires lots of hardwork.

[yura888]

What factors can affect to price of altcoin? Can price of altcoin depend on world economic factors or economic occurrences?

Of course what can. But the main factors are the news of the project which the developers give their media resources.

[dashunka]

I think that economic factors have always influenced everything, including the crypt. but at the moment I think that it is held in pieces so that whales buy up coins.

[Tenderino]

The basic rule is that the more people demand for a limited offer, the higher the price will increase. The better a product or offer is the higher is the demand for it usually, if you do the marketing well. The economic also plays a role, because if the people are happy with their current system, they tend less to try something new.

[ceferov]

price always depends on demand. most altcoins have price today because we think they will have big usage in future. and big usage means big demand, good price. If more people believe same coin that means that coin will go up

[Adunni6758]

The first and main factor that affects the price of altcoins is the rate of changes in demand and supply. Every other factors are just accompanying factors. If you watch the market vividly, sometimes, the supply of a coin determines its price. A coin with a very low supply, has every tendency to rise faster and higher. More so, if the demand for a coin increase, the price will increase.

[cryptoalfs76]

What factors can affect to price of altcoin? Can price of altcoin depend on world economic factors or economic occurrences?

Will i thinks  economic factors and occurences  is disame point  or meaning why the price of altcoins is going drops.actually in my own thoughts why the price value of altcoins is going low because theres so many huge volume of  all altcoins now in the market,because mostly people selling there coins because of FUD situation and vice versa there is low investor buying of this altcoins for the trade transaction or necessity,thats why more supply will left,and this is co'z why the price is going  down and few investor only hold there altcoins.

[jinxcreedy]

Altcoins are dependent on bitcoin to get their USD value. The numbers of satoshi a coin or token has multiplied by the current USD value of bitcoin will give you the value of  altcoins.

Another thing one need to know is the fundamentals that will drive the value upward.

[Mr.Spreadthehamster]

What factors can affect to price of altcoin? Can price of altcoin depend on world economic factors or economic occurrences?

As always, there are two components of the price: inernal and external.
Internal factoes are following: How good company works and doing business.
External plays mre important role, and among them are: the price of Bitcoin, some news (e.g. about restrictions of crypto somewhere), genneral situation on the market.
So, yes, it can depend on world economic factors.

[Herbert2020]

What factors can affect to price of altcoin? Can price of altcoin depend on world economic factors or economic occurrences?

no it  can NOT. because altcoins have no place in the real world and in world economy. the altcoin place is on exchanges and for pure speculation purposes and that is what affects their prices. altcoins depend on hype and in one word on "pump and dump" aka manipulation.

of course there are some other factors such as bitcoin price and it is even possible that economy is also affecting them since some newbies may come in the market thinking they have found an investment haven but in the end the reality will hit everyone and they know it is all pump and dump.

[djscreem01]

I think it depends on believers. depending on the projects are dependent on the ads. but these are discussed as a parameter on their own. hot money can change everything. 

[skinomanl]

What factors can affect to price of altcoin? Can price of altcoin depend on world economic factors or economic occurrences?

Here you can write on the percentage of all the factors that affect the price of altcoin. And they will all influence in equal parts, this is the country's economy and the state's behavior in relation to the crypto currency. Also, bitcoin influences, whales sometimes are able to create chaos in the market and other insignificant events, and no one has canceled speculation.

[Slugmonkey]

Depends on the time frame you are talking about. In short term the crypto news how it affects your coin, how your coin is received by the market; which depends on the hype around it. But in long term the people working on it, the objective it stands to work on, most importantly the problem it aims to solve and how close it gets to solving it is the biggest factor affecting price.

[kindbtc]

Altcoins are dependent largely on fundamental analysis and news, if team performs well or their product/service launches successfully or the users reach big numbers, all such news positively effect alts and the value also increases.

[progladko]

Altcoins are now affected only by bitcoin.  I think this is the only factor.