Cryptocurrency prices: real-time prices

The world of cryptocurrencies is constantly evolving and attracting more and more investors.

In order to benefit from them, it is crucial to understand how the prices of virtual currencies work and what factors influence their valuation. In this article, we’ll explore what determines cryptocurrency prices, as well as methods to track this information.

Factors influencing the price of cryptocurrencies
Several elements can impact the value of a cryptocurrency, such as:

Market capitalization: This is the total value of a virtual currency in circulation. The higher the market capitalization, the more stable and reliable the cryptocurrency is considered. Investors tend to favor currencies with high market capitalization.
Supply and demand: Like any other commodity, the price of cryptocurrencies is largely determined by the balance between supply and demand. If demand for a virtual currency increases while supply remains unchanged, its value will increase. Conversely, if supply increases, but demand decreases, the price will fall.

News and Events: News regarding cryptocurrencies and their markets can have a significant impact on their value. For example, government regulation, hacks of exchange platforms or announcements of partnerships can positively or negatively influence the price of virtual currencies.
Competition: With the emergence of new cryptocurrencies, it is essential for a virtual currency to stand out in order to maintain its value. Competition can therefore lead to fluctuation in the prices of different digital currencies.
We invite you to discover our guide on the fall in cryptocurrency prices to learn more about the worst market scenarios, volatility and how to react.

How to follow cryptocurrency prices?
To invest intelligently in virtual currencies, it is essential to monitor their prices regularly. Here are some methods to obtain this information:

Exchange platforms: These sites allow users to buy, sell and store cryptocurrencies. They typically offer charts and analysis tools to help investors make informed decisions.
Mobile applications: Several applications dedicated to monitoring cryptocurrency prices are available for smartphones and tablets. They offer features such as price alerts, access to historical data and synchronization with trading accounts.
Specialized websites: Many websites provide detailed information on cryptocurrencies, including their market capitalization, price history and recent developments. Some of these sites also allow you to compare the performance of different virtual currencies with each other.

Analysis of the prices of the main cryptocurrencies
To better understand how cryptocurrency prices work, it can be useful to analyze the evolution of the most popular digital currencies. Here are some examples:

Bitcoin (BTC)
Bitcoin is the first and most famous cryptocurrency. Since its creation in 2009, its price has experienced numerous fluctuations, going from a few cents to several thousand euros. Bitcoin notably reached a historic peak in December 2017, before experiencing a significant correction in early 2018. Despite this volatility, Bitcoin remains the most valued virtual currency in terms of market capitalization.

Ethereum (ETH)
Ethereum is a decentralized platform allowing the creation and execution of smart contracts. Its native currency, Ether, is the second largest cryptocurrency in terms of market capitalization. Ethereum grew rapidly, going from a few euros in 2016 to several hundred euros at the end of 2017. Since then, its price has also been subject to significant fluctuations.

Ripple (XRP)
Ripple is a decentralized payment protocol that allows international transactions to be carried out quickly and inexpensively. Its currency, XRP, saw its value increase significantly in 2017, before experiencing a correction similar to that of Bitcoin and Ethereum. The price of Ripple depends in particular on partnerships established with financial institutions.

Tip: diversify your cryptocurrency portfolio
To reduce the risks associated with the volatility of cryptocurrency prices, it is recommended to diversify your portfolio by investing in several digital currencies. This makes it possible to take advantage of the opportunities offered by the different virtual currencies while limiting potential losses in the event of a market decline.

Frequently asked questions
How do cryptocurrency prices work?
The price of cryptos is determined by supply and demand in the market. It may vary depending on different factors such as investor confidence, economic or political news, and the market capitalization of cryptocurrencies.

How can I check the price of cryptocurrencies in real time?
You can check the price of cryptocurrencies in real time on different online platforms. There are websites and mobile applications specializing in displaying cryptocurrency prices.

What are the most popular cryptocurrencies?
The most popular cryptocurrencies are Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash. These are widely used digital currencies that have a high market capitalization.

How to buy cryptocurrencies?
To buy cryptos, you must register on a specialized exchange platform. You can deposit funds in euros or other currencies there, then exchange them for the cryptocurrencies of your choice.

How to check the price of a specific cryptocurrency?
To check the price of a specific cryptocurrency, you can use an online platform that provides real-time information on cryptocurrency prices. You can also view charts and historical data to track price action.

What is cryptocurrency market capitalization?
Cryptocurrency market capitalization represents the total value of all cryptocurrency units in circulation. It is calculated by multiplying the price of a unit of cryptocurrency by the total number of units in circulation.

How useful is the crypto price for investors?
The crypto price is essential for investors, because it allows them to follow the evolution of the value of their investments in cryptocurrencies. By knowing the current price and studying market trends, investors can make informed decisions about buying, selling or holding their cryptocurrencies.

What influences the price of cryptocurrencies?
The price of cryptocurrencies can be influenced by various factors such as market supply and demand, economic and political news, government regulations, investor confidence and technological advancements in the cryptocurrency space.

What is an ICO (Initial Coin Offering)?
An ICO is a fundraising method used by projects related to cryptocurrencies. It consists of issuing and selling tokens before the launch of the platform or project. Investors buy these tokens in exchange for other cryptocurrencies, and hope that they will increase in value once the project is launched.