Cost Of Mining
Cryptocurrencies have to be extracted and mined, which costs a certain amount. If the cost is higher, the fees for people transacting the cryptocurrency would also be higher, and as a result, the price will also be affected.
For instance, the Ethereum gas fee is pretty high due to issues such as network congestion. This affects the price of the cryptocurrency, which is currently the second-biggest cryptocurrency globally according to market cap. However, experts say that in the longer run, this might become a liability. People have already started using alternate projects such as Solana, Fantom Chain, Polkadot, etc., which provide a lower transaction fee.
