The rate of cryptocurrencies like any other merchandise is dependent on demand and supply. If extra human beings demands a specific currency and it's far short in supply, then the cost will increase. more devices are mined by way of miners to stability the drift. but, most currencies limit the supply of their tokens.
as an instance the full amount of Bitcoin issued is best 21 million. consequently Bitcoin’s supply will lower in time and will attain its very last range by 2140. It also explains why Bitcoin’s price is higher as compared to different cryptocurrencies