Several Factors That Can Affect Cryptocurrency Prices?

[80jutaa]

as we know, that the price of cryptocurrency fluctuates, sometimes above and sometimes below and certainly not unexpectedly. on the one hand There are several aspects that can affect the price of cryptocurrency currencies.
and Some factors that can affect the price of crypto such as:

1. Supply and demand
The supply and demand of all types of electronic money will affect the price. Electronic currency has a lot of supply, but demand is less, prices cannot be raised. While electronic currencies have limited supply, it is expected to see prices that increase significantly

2. Utilities
Utility is one of the most important factors when searching for electronic currencies and making investment decisions. If electronic currency solves a problem, that is, it is very useful, but it is not reflected in its price, such money is still underestimated. This is a good indicator, even if it is undervalued, but once the market begins to realize the importance of such coins, chances are the price of electronic currencies will increase.

3. Psychology
Market Positive or negative market news can also be a factor in deciding whether the price of electronic money rises or not. The reason for this is that, depending on market news, the perception of the value of the coin can change.

4. Mining problems
Increasing mining difficulties mean that it is difficult to increase the supply of coins of this type, compared to increasing demand, which can cause the price movement of electronic currencies to rise. This factor requires that you have technical knowledge about the types of coins you want to invest because this can play an important role in future price movements.

[JeffBrad12]

Those are common factors that can affect the price of altcoin, dude. I guess there are more factors other than it just like

1. Intervention by exchange site

This kind of activity will lead to the manipulation of the market this can be done also by the whales too (traders).

2. Fundamental of the team


3. Rumour and news

This is also an important part because when you were a trader before and you might have seen so many whales that were buying the rumor and sell for the news.

[red4slash]

Those are common factors that can affect the price of altcoin, dude. I guess there are more factors other than it just like

1. Intervention by exchange site

This kind of activity will lead to the manipulation of the market this can be done also by the whales too (traders).

2. Fundamental of the team


3. Rumour and news

This is also an important part because when you were a trader before and you might have seen so many whales that were buying the rumor and sell for the news.

rumors and news to make the coin market will be visited a lot, one marketing technique that in my opinion can affect the price on the exchange. what is talked about a lot will make many people interested and want to know in advance, the bad sometimes there is FOMO with marketing techniques like this.

[H1N1]

Yeah i think supply and demand is the most contributing factor in cryptocurrency price.
Bitcoin price is high because the supply is very low, many coins lost, and the demands of bitcoin stay high.
Some coin like ethereum is different, the supply is not limited but the market cap is still high, i guess it is because there are many peoples using ethereum blockchain with eth tokens.

[joshua123]

Take note that issue on mining doesnt affect token price maybe for coins it is but tokens are nothing related to tokens since they are not used for mining.

Well other reasons are right especially on the supply and demand. Cause the more demands that the market have been experienced the more we can say that investors are popping in to join this business. Even with crisis, we can see how cryptocurrency market is unstoppable compared to stock market and thata a good sign that crypto is not risk when crisis is present.

[mahilchii]

The key factor without any doubt is supply and demand which can affect the crypto currency prices, then mining which is very difficult to mine at this point of time.

And yes FOMOs those who come with positive and negative news in case if the price starts fluctuating most of them will start selling their assets because of these FOMOs, we need to be very cautious to stay away from these people's..

[Fundamentals Of]

True, there are several factors that can affect the prices of cryptocurrencies. But most of them do not matter at all.

The thing that matters most in terms of cryptocurrencies are products and actual utility.

Demand will increase if a crypto project has a legit and working product which is useful in real life. Supply is usually fixed in crypto with the exception of a few coins. 

Psychology and mining problems do not matter at all if there is useful product and real-life use of tokens or coins.

[coronga]

Around the world, there are different takes on how cryptocurrency should be regulated. In some countries, cryptocurrency is accepted enough to be considered legal tender. In others, it is outright banned.
this is one of the reasons why crypto prices spike a lot, when we see a country banning or doing something good too cryptos the price is directly affected.

[Kaliecious]

most cryptocurrency prices are influenced by supply and demand. but other factors can easily influence it.
for example last March, bitcoin almost touched the price of $ 4000 because of the corona outbreak which requires many people to sell their assets to survive

[Python Master]

There are many factors. Some main factors do strongly affect crypto price, strongest first and less following as below. It's my opinion.
1. breaking news, hot rumors or hot news
2. a big update or event of a coin is coming. coin price often increase before the event and continue increasing if event is successful.
3. pumping and dumping made by crypto exchanges. they do this for profits.
4. altcoin price is affected by Bitcoin price.

[rdewilde]

This is true; to chip in my own opinion, I think supply and demand works well when the coin have a good utility, when something is not being demanded it has every tendency of becoming worthless, therefore when a coin have good utility as a result of the efforts of the team via working products, then the coin will be in demand. Also another factors is panic and fear, a good Illustration of this is when the pandemic was announced and declared, most people panicked and sold so as to be on the safer side. In addition, I can also say news plays another huge role, it can bring about a positive change or negative impact on the prices of coins.

[Krislaw]

There are many factors. Some main factors do strongly affect crypto price, strongest first and less following as below. It's my opinion.
1. breaking news, hot rumors or hot news
2. a big update or event of a coin is coming. coin price often increase before the event and continue increasing if event is successful.
3. pumping and dumping made by crypto exchanges. they do this for profits.
4. altcoin price is affected by Bitcoin price.

This is 100% true, news/rumor has a lot of impact on in crypto world. Imagine a dead coin making a news about getting listed on  a big exchange including some partnerships, believe me, it's going to hit its ATH or more before it get listed there.

I also see events as a way of keeping the community active and price normal.

Pump and dump kills the price and also not good for projects. Once community notice this, they spread the news and it's going to have a negative effect.

[CaVO32]

There are many factors. Some main factors do strongly affect crypto price, strongest first and less following as below. It's my opinion.
1. breaking news, hot rumors or hot news
2. a big update or event of a coin is coming. coin price often increase before the event and continue increasing if event is successful.
3. pumping and dumping made by crypto exchanges. they do this for profits.
4. altcoin price is affected by Bitcoin price.

This is 100% true, news/rumor has a lot of impact on in crypto world. Imagine a dead coin making a news about getting listed on  a big exchange including some partnerships, believe me, it's going to hit its ATH or more before it get listed there.

I also see events as a way of keeping the community active and price normal.

Pump and dump kills the price and also not good for projects. Once community notice this, they spread the news and it's going to have a negative effect.

I have seen a lot of pump and dump projects in the past, and they really did good job in making promises, giving false hopes to its naive followers and deceiving them with potential updates and progress but later on didn't deliver their objectives. We have no idea when will they stop their price manipulation as they have the full control of it. So if you are a holder, you have to be very vigilant with their movements, better to sell while you are still in profit, don't wait for it to drop its prices where you have no hope of returning to what it was.

[HunterUnchained]

I think hacking and fud can also affect the prices of cryptocurrencies. This is evident in a lot of projects that died after being after by hacking and couldn't recover and had to stop all together. Also, Fear, Uncertainty and Doubts (FUD) is another factor that can greatly affect the prices of cryptocurrencies. Once this happens, emotions play in leading to holders dumping their holdings leading to major market crashes. Several projects have had to face this factor in the past, while some came out stronger, others weren't that lucky.

[Iyanu14]

as we know, that the price of cryptocurrency fluctuates, sometimes above and sometimes below and certainly not unexpectedly. on the one hand There are several aspects that can affect the price of cryptocurrency currencies.
and Some factors that can affect the price of crypto such as:

1. Supply and demand
The supply and demand of all types of electronic money will affect the price. Electronic currency has a lot of supply, but demand is less, prices cannot be raised. While electronic currencies have limited supply, it is expected to see prices that increase significantly

2. Utilities
Utility is one of the most important factors when searching for electronic currencies and making investment decisions. If electronic currency solves a problem, that is, it is very useful, but it is not reflected in its price, such money is still underestimated. This is a good indicator, even if it is undervalued, but once the market begins to realize the importance of such coins, chances are the price of electronic currencies will increase.

3. Psychology
Market Positive or negative market news can also be a factor in deciding whether the price of electronic money rises or not. The reason for this is that, depending on market news, the perception of the value of the coin can change.

4. Mining problems
Increasing mining difficulties mean that it is difficult to increase the supply of coins of this type, compared to increasing demand, which can cause the price movement of electronic currencies to rise. This factor requires that you have technical knowledge about the types of coins you want to invest because this can play an important role in future price movements.

I think these several factors affecting cryptocurrency prices are interwoven. In addition to what other respondents have mentioned, government policies is also a major factor.  Cryptocurrency have lost some ground and slow in adoption because of some policies of government of different countries against or not in total support of it.  If government of some countries give room or more rooms for the thriving of crypto, definitely the price is going to improve and vice versa.

[BRODIN]

yes some of what you mentioned is true, that there are various factors that can affect the price of crypto money and as it is today the corona outbreak has also affected the situation of the crypto market. but the main thing is demand and supply in the market, besides that negative news about crypto can also have a negative impact.

[cytpoway121]

There are many factors. Some main factors do strongly affect crypto price, strongest first and less following as below. It's my opinion.
1. breaking news, hot rumors or hot news

This is the core reasons why it is made important that as a trader you must be able to understand the emotions in the market as it guides your actions.
Sometimes, you buy the rumors and sell the news, sometimes the news is bought and rumours sold, it is a popular quote.

One of the most important ways to make profit is making the right call; do your own research, understand the effects of impending news / rumours, and let it guide your move.

[JeffBrad12]

Those are common factors that can affect the price of altcoin, dude. I guess there are more factors other than it just like

1. Intervention by exchange site

This kind of activity will lead to the manipulation of the market this can be done also by the whales too (traders).

2. Fundamental of the team


3. Rumour and news

This is also an important part because when you were a trader before and you might have seen so many whales that were buying the rumor and sell for the news.

rumors and news to make the coin market will be visited a lot, one marketing technique that in my opinion can affect the price on the exchange. what is talked about a lot will make many people interested and want to know in advance, the bad sometimes there is FOMO with marketing techniques like this.

Basically that idea works by spreading the news to the various sites or even forums to make the readers aware about our coin that has been getting a good performance and it still continues, that will create massive awareness and the result will be like what you have already said to make FOMO happen and then there would be a  big pump like happened with bitcoin. Good news means people will buy-in

[r32godzilla]

At first, the most important thing is to get listed on top exchanges: Binance, Huobi, Bitfinex.
This bring enough credibility, volume and assure you, that the token will visible for many crypto traders, what will lead into pump. 

[XCANA]

The cryptocurrency has been known as a news pushed cryptocurrency from the right beginning. We have seen and hears how news especially has taken the price of cryptocurrency from nothing to something, also, some news are detrimental to the well being of the cryptocurrency. So, the most effective factor that I see as most effective is the news, which has been helping the growth of cryptocurrency. Many came to know about cryptocurrency through the news while others quit through news too.