Hi everyone, since I'm still a newbie, and I didn't even tried trading,
I'm just wondering what factors affecrs th price of the token.
And also why some exchanges have higher selling price and others have lower selling price. Can you share your thoughts?
There are so many factors that could affect the price of a certain token. But the foremost factors are its product development, its usability, the economy behind the token, and so on. The demand of the token will be pushed much higher if its usability is solid and clear. Huge investors, institutional investors, would always look at the project more than the token. They do not just buy the token for the sake of investing in it. They buy the token because they see how promising the project or their product is, and they want to be a part of their success.
Selling prices are basically set by the traders themselves who made the sell order.
