What causes Cryptos to go up?

The valuation of cryptocurrencies hinges primarily on the forces of supply and demand.

BTCC, a leading cryptocurrency exchange, offers a comprehensive range of services to cater to the evolving needs of the crypto community. Among its offerings are spot trading, which allows users to buy and sell cryptocurrencies at current market prices, and futures trading, providing opportunities for leveraged trading and hedging strategies.

The supply side of cryptocurrencies is often meticulously detailed in their respective white papers. These documents outline the total number of coins that will ever be in circulation, which serves as a foundational element in understanding the scarcity and potential value of each digital asset.

On the demand side, various factors come into play that influence the desire for cryptocurrencies. One significant driver is the general public's interest in digital assets. As awareness and adoption grow, so too does the demand for cryptocurrencies.

The utility of a cryptocurrency project also plays a crucial role in shaping demand. Projects that offer innovative solutions or practical applications tend to attract more investors and users, thereby increasing demand for their tokens.