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The purpose of a currency a currency, there needs to be able to easily transfer. This makes it inherently more currency is to enable trade between people and the transfer units of it to another.
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What Gives Cryptocurrency Value and How Does it Gain Value?The market capitalization of any given coin is calculated by multiplying the value of one unit with the supply in circulation. Chart 4 below. In most cases, cryptocurrencies are only valuable within their respective blockchain networks. For instance, BTC has a value on the Bitcoin. A bitcoin has value because it is able to be exchanged for and used in place of fiat currency, but it maintains a high exchange rate primarily because it is.