Join Jake Claver and Quincy Jones as they dive into the world of cryptocurrency price dynamics and how network volume plays a crucial role in determining prices. Gain valuable insights from this informative discussion on how crypto networks and trading volumes impact the market. Don’t miss out on this must-watch video for anyone interested in understanding the key factors affecting cryptocurrency prices.
#xdc #xdcnetwork
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🖥Websites🖥
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People are so used to looking at businesses and valuing them via market cap but as far as the volume on a network is what’s going to drive price of the underlying native asset that’s going to facilitate those transactions you can definely look at this in any other Market or any other asset like
Look at oil it doesn’t matter how much oil there’s in the world what matters is how much oil is being traded currently in the world and if there’s a higher demand and oil to be traded you’re going to see a spike in price solely B in the
Fact that there’s only so much people get so hung up on like tokenization and how many assets and What’s the total Supply and all that but there’s the element of fundamentally speaking if more people demanding a limited supply of a certain good there’s going to be a
C there’s going to be an increase in the price of that the only differ between oil or cryptocurrency is the demand in the supply the demand in the asset comes out to the demand in volume for assets that are tokenized on chain while the current I guess you say native asset is
Used as the form of capital to exchange those assets that are being exchanged on train that trade volume
4 Comments
Jake and Quincy are gems of the crypto space 💎💎
We see your passion Quincy😊
I'm all ears when I watch your videos ��
Legend has that Quincy Jones is over 300 yrs old