Contest !! || Supply and demand dynamics in cryptocurrency.

Dear Friends!
How are you all? Hope you all are well. I am also fine by the grace of Allah. Today I am here to share with you guys about topic Contest || Supply and demand dynamics in cryptocurrency. This contest is organized in Steem4Bloggers. First of all i thanks to @khursheedanwar for this beautiful contest. Let's start without wasting our time.

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Currently, the demand for cryptocurrency is gradually increasing all over the world . Governments of many countries around the world have recognized this cryptocurrency as legal tender. Many countries are researching cryptocurrencies. Now there are various social media ads about cryptocurrency People are getting to know and trying to learn about cryptocurrencies. Hence, the demand for cryptocurrency in the market is increasing at a rapid rate.

What you understand about supply and demand in market?

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Demand and supply are also important terms which I am going to explain to you in my own way.A model of economics of supply and demand market pricing.

In the language of economics, demand refers to the desire or desire to obtain something.
When an individual has a high need or demand for a particular asset in the market, the demand for that asset is high among the population.The higher the demand for the asset in the market, the higher the price of the asset will rise.

In general economics, supply refers to the production of an asset in large quantities and the supply of those assets to the market.The more assets are supplied to the market, the more the asset prices fall.When there is a greater supply of resources, the price level is lower.

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Demand	Supply
1) Usually the desire or desire to get something is called a need.	When something is produced, it is supplied to the market.
2) If the demand in the market increases, Then the price started to increase.	If there is more supply in the market, the price tends to fall.
3) Supply and demand determine the equilibrium price.	Due to changes in supply and demand, the equilibrium price may change.

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What effect would be at market if supply of particular cryptocurrency is increasing?

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When the supply of a particular cryptocurrency number increases in the market, there can be large fluctuations in the cryptocurrency.Cryptocurrency value may then gradually decrease.As explained by economics, as supply increases and demand among people decreases, prices tend to decrease.This will reduce the cryptocurrency price in the market.

When you login to coinmarketcap. Then you will notice that many new projects are being listed on coinmarketcap The number of cryptocurrencies is increasing. so lots of new cryptocurrencieses increasing in the market, cryptocurrency prices may fluctuate.

If the demand for cryptocurrencies among people decreases, then the cryptocurrency price will slowly go down.Of course there must be supply equal to demand, then the price will be correct.If more cryptocurrencies enter the market and the demand decreases, the price will continue to decrease.

What effect would be at market if demand of particular cryptocurrency is increasing?

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Since price and demand are inversely related.
If the cryptocurrency demand in the market continues to increase, then the cryptocurrency price will gradually increase.

When we think about some important cryptocurrencies. For example, Bitcoin and ETH have a fixed amount of supply and currently have a high demand in the market, so their prices are slowly going up.Then people have to spend a lot of money to buy these cyptocurrencies. Then the price will go up a lot.There will be competition among people to buy and sell cryptocurrencies, if the demand increases.
I said earlier that cryptocurrency demand is growing exponentially across the globe.

Here I want to invite @nooruleman, @tripsy and @firyfaiz to participate in this contest.

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