LIVE7 Things To Know When Cryptocurrency Will Go Up.
1. Utility
When cryptocurrencies have ‘utility’, they allow users to perform specific actions.
2. Market sentiment
Demand for cryptocurrencies is partially determined by general market sentiment — the overall attitude of investors towards cryptocurrency.
3. Competition
Just like physical products and services, the price of cryptocurrencies are impacted by competition.
4. Governance
Governance is a system for implementing changes into a blockchain.
5. Tokenomics
To better understand how the price of your cryptocurrency may change in the future, it’s important to pay attention to ‘tokenomics’.
6. Liquidity
A cryptocurrency’s liquidity refers to the efficiency or ease with which a token can be converted into cash without affecting its market price.
7. Technical Analysis
Some investors use technical analysis to make short-term price predictions on a cryptocurrency.
