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.
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Find more from Jake Claver by visiting the links below:
🖥Websites🖥
Digital Ascension Group - https://www.digitalfamilyoffice.io
Beyond Broke Mastermind - https://mastermind.beyondbroke.com
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Find more from Jake Claver by visiting the links below:
🖥Websites🖥
Digital Ascension Group - https://www.digitalfamilyoffice.io
Beyond Broke Mastermind - https://mastermind.beyondbroke.com
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LifestyleTranscript
00:00People 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.
00:13You can actually look at this in any other market or any other asset.
00:16Look at oil. It doesn't matter how much oil there is in the world.
00:19What matters is how much oil is being traded currently in the world.
00:22And if there's a higher demand in oil to be traded, you're going to see a spike in price solely bits in the fact that there's only so much.
00:28There are people who get so hung up on tokenization and how many assets and what's the total supply and all that.
00:33But there's an element of, fundamentally speaking, if more people demand a limited supply of a certain good, there's going to be an increase in the price of that.
00:41The only difference between oil and cryptocurrency is the demand in the asset comes out to demand in volume for assets that are tokenized on chain,
00:51while the current, I guess you'd say native asset is used in the form of capital to exchange those assets that are being exchanged on chain, that trade volume.
00:58So, that's the amount of EVERYBON FROM IT!
01:01Now, what are the things that have around you?
01:03Well, we've always looked at a lot about how many assets that are being exchanged on the term.
01:05We waktu a manufacturing set.
01:06A