How a Cryptocurrency Gains (or Loses) Value: 5 Things You Should Know

This story was originally published on HackerNoon at: https://hackernoon.com/how-a-cryptocurrency-gains-or-loses-value-5-things-you-should-know.

Understanding the forces that impact crypto prices can help you make better decisions. You’ll be able to spot red flags and identify coins with real potential!

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Every market is shaped by supply and demand. When more people want something than there is available, its price goes up. When there's too much of it and not enough interest, the price goes down. A cryptocurrency’s value increases when it has a real purpose.