The price of Cryptocurrency is not determined by a central authority like a bank or any international authority. The fundamental demand and supply price quoted by the participants of the network determined the price of the cryptocurrency. This means users must reach a consensus about cryptocurrency's value and use it as an exchange medium.
Modified on: Wed, 6 Nov, 2019 at 5:15 PM
Did you find it helpful?Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.