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WHAT DETERMINES THE VALUE OF A VIRTUAL CURRENCY? WHAT DETERMINES THE VALUE OF A VIRTUAL OR...

WHAT DETERMINES THE VALUE OF A VIRTUAL CURRENCY?

WHAT DETERMINES THE VALUE OF A VIRTUAL OR DIGITAL ASSET?

Virtual Currency and value derived from ?

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Answer #1

the value of virtual currency is determined by the characteristics and the feature of this currency and the credibility of the currency along with the participation of the market participants in order to determine the value of the currency and transparency in it's operations

there are various digital assets which could be like photography,animations b, the online form and assets derive their value out of their quality and content as well as demand and supply and credibility as well.some digital assets are also backed by the physical assets their value would be derived by the physical assets as well.One of the example could be these digital assets are sold over shopify.

Virtual currencies values are are determined by a fair mechanism of of trading by various market participants and low regulation by the exchanges like one can be seen through Bitcoin.

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