Due to this, crypto prices are mainly associated with the supply and demand law. So, when there is a high demand in the market and the coin has a low supply, its value increases. In contrast, if it has a vast supply and low demand, the prices decrease. Bitcoin, for instance, has a maximum supply of 20 million coins. When all the coins are issued, their value will be affected positively if there is an increasing demand for this digital asset. Factors to Consider When Choosing a Cryptocurrency Investment Loopring is an Ethereum-based cryptocurrency whose value has skyrocketed in the closing weeks of 2021. The coin currently trades around the $2.98 mark and boasts almost $4 billion market capitalization. The two main reasons for a 700% increase over the last month are rumors floating around about using Loopring in the “metaverse” concept and buzz about GameStop planning to use Loopring to build an NFT marketplace. Thus far, however, neither rumor has been verified.
Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation. 5 Benefits of Long-Term Cryptocurrency Investments Explore 500+ Stock Recommendations on