FUD can cause
the perceived value of a cryptocurrency to drop.
Any event that may occur, either good or bad, will affect
the perceived value of a cryptocurrency, which will subsequently affect its price.
Not exact matches
You know also that's I think another driver for the whole
Cryptocurrency space is that if
Cryptocurrency is
perceived as something that is a store
of value based on scarcity, then it becomes an attractive hedge against inflation.
Earlier this month, SEC Chairman Jay Clayton promised increased scrutiny on companies who seek to «capitalize on the
perceived promise»
of an increased stock
value following an announcement
of investment in
cryptocurrencies and Blockchain technology.
Just like in the stock market,
cryptocurrencies can be bought and sold depending on the
perceived value of the currencies.
The price
of any
cryptocurrency is simply the monetary cost
of purchasing it, whereas the
value of a
cryptocurrency is its
perceived benefits and usefulness.
The price
of a
cryptocurrency is not tied to its
value but instead, its
perceived value.