Hello, this is a very complex question and there is no easy answer. But the fact remains that the cryptocurrency market has strengthened and is considered the most profitable in the last few years. There is a very concise and concise article on the topic of cryptocurrency mining https://minery.io/blog/cryptocurrency-mining-as-a-financial-instrument-in-2021/ . The whole situation with stocks and cryptocurrency is quite clearly described there, and the whole mechanism of operation and mining of bitcoin is revealed.
The main and logical factor is the ratio of supply and demand. The rate will grow in conditions of increasing demand for a specific coin. Accordingly, if demand falls, the price will also begin to decrease, becoming more attractive to a potential investor. At this point, it is important to determine the prospects of the project and the need to invest your own funds.
Hello everyone, the cost of cryptocurrencies is determined by demand among users. Simply put, a crypto asset will cost as much as the audience is ready to offer for it. In addition, there are a number of factors that can both directly and indirectly affect the rate of the coin. Some crypto exchangers, for example, on https://www.trustchange.com/ offer a more favorable rate for cryptocurrency than on crypto exchanges.