The rise of cryptocurrencies depends on:

1. **Supply and demand**: Increased demand with limited supply increases the price.

2. **Positive news**: Adoption or technical improvements enhance the value.

3. **Institutional adoption**: The entry of large companies enhances confidence.

4. **Regulations**: Supportive laws raise prices, and tightening reduces them.

5. **Investor behavior**: Fear or greed quickly affects the market.

6. **Technological developments**: Innovative projects attract investors.

7. **Economic situation**: Financial crises push investment in cryptocurrencies.

Also, the rise of cryptocurrencies depends on factors such as increased demand versus limited supply, technical developments or positive news, such as their adoption by large companies. Also, laws that facilitate investment in cryptocurrencies raise their value, while regulatory tightening or bans can lead to a decline. Large investors, known as "whales", and the state of the global economy also affect prices.