Oh my goodness! I just found this. It looks like if Electroneum goes into every country, we are all going to be very, very rich!
Cryptocurrency Price Determinants
The number one determinant in the price of cryptocurrency is supply and demand. This is Economics 101. If a specific digital currency has a high amount of supply but no demand from users and traders, then its value is going to drop. It works the other way as well. If the supply of a cryptocurrency is limited and it is highly sought after, then the coin’s value will increase.
Public sentiment along with the media can also be key drivers over the prices of digital currencies. For example, if a specific platform or token gets negative press, you might see the value of that coin take a hit.
On the other hand, some high profile coverage and support from the media would almost assuredly cause a price to rise. Therefore, the price of digital currencies is influenced a great deal by hype and human emotion.
Of course, there are other factors that determine the price of cryptocurrencies. For example, the usefulness of a token can have an impact on its price. Is it truly solving a problem or is it just another coin taking up space on the market?
Full article: https://toshitimes.com/how-do-cryptocurrency-prices-work/