Cryptocurrency pricing is shaped by more than a single physical asset or reserve. Demand, supply, liquidity, exchange access, news and the confidence of market participants all contribute to daily movement.
Belief and utility
Some cryptocurrencies are valued because people expect future utility; others are driven mostly by speculation. The difference is important when evaluating a project’s resilience.
Risk remains central
Thin liquidity, changing regulation and concentrated ownership can amplify both gains and losses. A price chart cannot replace research into the network and its use.