The Mechanism Beyond Cryptocurrency Pricing

One of the most mysterious aspects of the cryptocurrency as such is its pricing mechanism. Why does any cryptocurrency cost the precise amount every day and what are the factors influencing it? While some currencies are backed by gold, a physical object which has its value, others, including cryptocurrencies, are backed by people’s belief in its values as a unit of exchange. This is probably the most confusing, though interesting aspect of its pricing.

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