Cryptocurrency Q&A
Do ERC-20 tokens have value?
Do ERC-20 tokens have value?
CryptoTrader
Wed Nov 06 2024
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7 answers
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I'm wondering if ERC-20 tokens, which are based on the Ethereum blockchain, actually have any inherent value. Are they just digital assets or do they represent something more tangible?
7 answers
Raffaele
Fri Nov 08 2024
This equilibrium price is not fixed and experiences fluctuations.
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CryptoPioneer
Fri Nov 08 2024
Conversely, FUD, which stands for Fear, Uncertainty, and Doubt, can lead to price drops as investors sell off tokens due to negative news or perceptions.
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Tommaso
Fri Nov 08 2024
Various factors contribute to these fluctuations, such as recent news events related to the token or the cryptocurrency market.
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GeishaWhisper
Fri Nov 08 2024
Speculation, where investors predict future price movements, also plays a significant role.
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MountFujiMystic
Fri Nov 08 2024
The worth of an ERC20 token is determined by the market forces.
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