The value of cryptocurrency is independent of market conditions
Asked by admin @ in Economy viewed by 441 People
The value of cryptocurrency is independent of market conditions such as supply and demand.Em than a private blockchain true or false
Answered by admin @
False. Crypto currency is limited in supply . The creator chooses to launch less currencies in market to maintain the price high . If it wasn't the supply and demand of it, then the currencies is of no value. Consider a normal currency of any country. The more is the supply (possession) of the currency , it's value decreases . The less people have the currency , it's value is much .
Hope you get it. Thank you
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