Market sentiment and community activity are also important. Positive feedback, developer support, and the active use of cryptocurrencies in transactions are creating an upward trend. Speculation and FOMO (Fear of Missing Out) can temporarily raise the price, but often lead to a correction. CoinsDrivers.com
Finally, macroeconomic factors such as inflation, interest rates, and geopolitical events can indirectly affect the supply and demand of cryptocurrencies, especially as an alternative asset.