Although it isn't solely responsible for the valuation of the #crypto, but when a viable coin is scarce in #circulation, then the sellers can sell off at a higher price thereby increasing the value of the currency.
#threadstorm
18/20
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Hmm, that's really true, when coins are made scarce, it helps increase its value.
#threadstorm
Yes, but like I said in the 17th thread, "Scarcity also plays a huge role (together with other core features)"
Those other features include use case, viability, road plan, problem it is solving, community... and so many others.
So if all these are settled... then scarcity will now come in in terms of circulation.
When the demand for the coins is high and the ones circulating is scarce.. then those who have it will increase their selling price.. thereby taking the price of the coin high
Noted 👌.
Haunty Secretary is taking note 😅
Yes oo, very important 🙈.
Weldone ooo
Thank you...