Why does the price of a coin rise?
Primarily, it's driven by the supply-demand principle. When more people start buying a coin, the demand increases, leading to a price hike. Technically, if no one sells, the price should remain stable or continue to rise. However, in reality, any negative news or event can trigger a wave of selling, causing the price to drop.
But what if a coinâs smart contract contains code that prevents anyone from selling? If people are only allowed to buy, the price will keep going up indefinitelyâor at least until the scammers drain the liquidity, leaving investors with nothing.
Always pay close attention to alerts or notices on platforms like Coin Market cap. Reading these carefully can save you from potential scams!
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