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RE: What exactly are CryptoCurrencies????? How their value is determined???
The more people want to buy somthing, the bigger price it will have.
The more people want to sell something, the price will decrease.
So, that's why today a lot of markets offer us promotions, in order to compete with the other markets that sell. If they want to sell their products, they should decrease the price
excellent but its little different with crypto here you dont have an option to reduce the value of your currency by increasing supply neither you can reduce it by putting in money for promotion...as its quite different from real market here aim is to always up the value no matter the way