Some factors that trigger cripto currency prices:

1. the amount / volume of crypto currency

The determining factor is the supply and demand. That is, if many users purchase crypto, the price will go up. Vice versa, if many sell crypto, the price will decline.

2. Fraud Cripto currency investment

The rise of investment fraud using the cripto currency currency makes the price of cripto currency plummet significantly. This is because users will sell the remaining cripto currency they have shortly after an investment fraud. Usually this happens to those who still don't really understand the potential of cripto currency.

The price of cripto currency had risen when users bought cripto currency to allocate their cripto currency through an investment company that received payments using cripto currency. However, when the investment is scam, the cripto currency price will automatically drop again.

3. Issues / News About Cripto currency

News is one of the factors that influence price movements in a definite manner. Crypto currency users who hear negative news about cripto currency, will panic and eventually sell their cripto currency to secure assets. As a result, the price of cripto currency will drop because of the massive sale of cripto currency.

Likewise vice versa, if there is positive news about cripto currency, then many users make buy transactions. Of course, with the purchase of cripto currency on a large scale, the price increases drastically.

4. Trading activities

The more phenomenal is crypto currency, then it's no wonder that many are in the profession as a cripto currency trader. This is a factor that significantly increases the price of cripto currency. Traders will buy cripto currency in large amounts at low prices then save it for some time, and will sell it when prices are high.

The result is when the buying process, the price will automatically go up and the price will go back down when the cripto currency sells. Plus, users who use cripto currency for other purposes are still small compared to users who use cripto currency only as trading.

5. Hacker Crime

The issue of hackers is also a determining factor in the fluctuating price of cripto currency. Investors, traders and cripto currency users will experience panic when there are parties who lose a lot of cripto currency because they are hacked. Because of this panic, it will increase mass cripto currency sales transactions.

Those are some factors that affect the price of cripto currency in general. By looking at these factors, you can predict the price of crypto currency.