What brings fluctuations in the prices of crypto currency

[tyrim88]

There are different factors responsible for the variation in the values of different cryptos, one of those includes the trade volumes, whenever there is an increase in the volume of trade or an increase in the rate at which people use the crypto for different purposes like integrating to their websites and commodities trading, definitely, there would be an increase in the value of the crypto and otherwise.

This fact is very true,when the market finds more value in which the cryptocurency can be used there will just be a craving for more needs for the crypto to be used for trading activities.And also the market forces of demand and supply can affect the prices.

 

[topfly007]

Cryptocurrencies will continue to fluctuate from time to time to no end because cryptos are volatile in nature. However, a lot of factors do contribute to the regular rising and falliy of cryptocurrencies

 

[GIFTMICHAEL]

As long as their is volatility in the coins, it will move up and down. At the moment it is moving on the down cos of the crypto bearishness.

 

[Good-Person]

There are various factors that causes the value of crypto to fluctuate a lot. The world governments trying to restrict or ban it altogether is one of the main reasons why crypto prices have been declining a lot in the recent times and we have witnessed a crypto market destruction due to these bans and restrictions.

 

[Senator]

What brings about the level of fluctuations in the prices of the cryptocurrencies is the level of the demand and supply of the coins and the volume of transactions frequently taking place about the coin at different times

 

[Chibson]

The fluctuations in the price of cryptocurrencies is caused by buying and selling which is known as trading. When a large amount is bought price will rise and vice versa.
[automerge]1624202286[/automerge]
The fluctuations in the price of cryptocurrencies is caused by buying and selling which is known as trading. When a large amount is bought price will rise and vice versa.

 

[Ub40]

Actually, something should be responsible for the fluctuations in the Crypto world. I think the forces of demand and supply affects the fluctuations too, just as in the case of bitcoin that has huge demand and supply, which cause its high value too. Another factor could be govt policies just as in the case of China govt banning crypto which made the price of crypto to fall. That is my opinion.

 

[FreshKaz11]

I'm yet to understand this. I have noticed the rise and fall of crypto currencies almost every day and I began to think about the contributing factors to the rise and fall of cryoto currencies. Kindly share with me, the possible reasons behind this.

I think if the demand of cryptocurrency is too much in the market it always affect it in one or two ways, because the more people keep buying and keeping in their wallet will make the value goes up tho.

 

[Sotherefore]

There are some people will call whales,these people are top crypto traders and investors and some of them are billionaires in dollars, Elon musk is one of them and they have the ability to influence the volatile market when they widraw their money on a particular cryptocurrency.

 

[Justin]

When there is a demand (when people begin to buy), the price of any crypto currency goes up, and when there is no demand (when a lot of people are selling), price goes down

 

[Jlife]

Cryptocurrency operate in one simple rule and there it is the rules of marketing, the law of supply and demand is what is controlling cryptocurrency, whenever there is a serious buyer the price of cryptocurrency will rise.

 

[Prettyjanie]

I'm yet to understand this. I have noticed the rise and fall of crypto currencies almost every day and I began to think about the contributing factors to the rise and fall of cryoto currencies. Kindly share with me, the possible reasons behind this.

The fluctuations is premised on the fact that, the cryptocurrency is a digital currency and it usually subject to fluctuations that is why it is important to always make your withdrawals as soon as it goes up.

 

[Nomad]

Crypto currencies are frequently bought and sold, crypto currencies are also regularly mined and released in the market. How many coins are being bought and sold, and how many coins are being released in the market are some of the factors that creates fluctuations

 

[nimzy]

The reason for the fluctuation in the price or the value of cryptocurrency, is the increase in the level of demand as stated by the law of demand. the higher the demand the higher the price and also the same as the low in demand and the price.

 

[joy101]

Cryptocurrency is a digital currency that is never stable it can fluctuate sometimes it can rise or fall, because the number of people buying it can be affected.

 

[Heatman]

I'm yet to understand this. I have noticed the rise and fall of crypto currencies almost every day and I began to think about the contributing factors to the rise and fall of cryoto currencies. Kindly share with me, the possible reasons behind this.

Seriously, it could be anything that would be the cause of the constant change in the prices of cryptocurrencies in the cryptocurrency market. It's why the change doesn't ever stop at all.

 

[Shigobad2020]

The only thing that brings about the fluctuation in the price of crypto currency is just the volatility of the coin, jf the demand is high , the coin will keep rising but if the demand is low, then the price will fall.

 

[nimzy]

Toe the reasons behind the fluctuation in the price of cryptocurrency is the level of demand when the demand is higher definitely the price of cryptocurrency will be very high too at that moment when it the demand is low also the same as the price.

 

[Setho]

There are so many people at a time that are trading cryptocurrencies and many of them are buying and selling at different intervals so that is what account to the normal fluctuation in its price.

 

[Heatman]

I'm yet to understand this. I have noticed the rise and fall of crypto currencies almost every day and I began to think about the contributing factors to the rise and fall of cryoto currencies. Kindly share with me, the possible reasons behind this.

Personally, I believe that it's something to do with social media influence in the world when it comes to what affects cryptocurrency because when those influential people tend to make a move on it on social media, it tends to affect its prices.