15 reasons why cryptocurrencies are becoming more expensive

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The growth of the crypto rates is influenced by many factors — from the introduction of stacking and the withdrawal of tokens on the exchanges to acquisitions and obtaining financing.

There are at least 15 reasons that can cause a gradual or sharp rise in the price of cryptocurrencies. Cryptocurrency price hikes occur after disclosure of important information about the project development. They may be:

• Project mergers and acquisitions
• Conclusion of partnerships
• Receiving financing
• Introduction of Stacking
• Burning tokens
• Adding a token to a new exchange
• Starting the main token network

On average, in the first hour after the disclosure of such information token price rises, but slightly — only by 0.5%. This is due to the fact that it takes some time for information to spread in the crypto community. On the first day after the publication of the news, the asset price rises by 0.8–1.3%, and within a week — by 2–8.2%.

In the short term, announcements of significant improvements to the project and mergers and acquisitions have the greatest impact on the crypto exchange rate. In the long run, news about stacking implementation, partnerships, and halving also becomes an important driver.
News of mergers of projects or takeovers of one another in 90% of cases leads to an increase in token value within a week. On average, in such cases, assets increase by 8.23%.