The value of cryptocurrency is independent of market conditions such as supply and demand
Answers
Cryptocurrency: Digital currency that is valued and exchanged over the internet is referred to as cryptocurrency.
It uses the concepts of cryptography to secure and authorize transactions.
During supply and demand, a big factor determines the value all digital currencies in the market.
If the demand is more, the value is also going to be high.
The value of cryptocurrencies is increasing as the demand is increasing and is limited.
Hence, the price fluctuates depending upon the supply and demand for cryptocurrency.
The most advanced Cryptocurrencies have been support for Bitcoin, Ethereum and changes rate is determined by the supply and demand.
This is necessary for identifying the main criteria and denotes the influence market trends in projections for short and long term. It is really important to act independently and not always follows the crowd.