Cotation des cryptomonnaies en yenes - Valeur et prix en temps réel

How is the Price of Cryptocurrencies Established?

If you had bought $1000 of Bitcoin at the beginning of 2017, at current prices you would have more than 26000$. That is, you would have multiplied your investment by 26.

But, why has the value of Bitcoin increased so much? How is the price of cryptocurrencies determined?

The price of cryptocurrencies is determined by the people participating in the buying and selling process. The famous law of supply and demand.

Unlike traditional currencies or FIAT money (dollars, euros, pounds...), which are backed by Organizations and Governments that can influence their value for the benefit of a few, the value of cryptocurrencies is solely determined by the use that their users make of them.

Cryptocurrencies can be purchased on different platforms, known as Exchanges. On them, people offer their cryptocurrencies at a price and others propose to buy them at another price. If these buy-sell orders match, the exchange is made.

This is nothing more than a typical deal between two people, in which one proposes a price and the other haggles. However, through these platforms, millions of these deals can be made between hundreds of thousands of people in a matter of seconds.

How Many Cryptocurrencies Are There

The popularity of cryptocurrencies has only increased in recent years. In addition, simple methods of creating cryptocurrencies, called ICOs (Initial Coin Offerings), have emerged. Through them, business projects can finance themselves by seeking investors to buy their cryptocurrency.

This has led to the birth of thousands of cryptocurrencies worldwide. Although the truth is that many of them are useless.

Currently, at criptomoneda.ninja we track more than 3,600 cryptocurrencies.