Price Discovery

Price Discovery is the mechanism by which the fair market value of an asset is determined. It occurs through the interactions of buyers and sellers in the marketplace. Various factors influence this process, including supply and demand dynamics, market sentiment, and external events. Other considerations are economic indicators and geopolitical developments. In the context of a crypto/fiat exchange like ChicksX, price discovery helps establish the exchange rates between cryptocurrencies and fiat currencies. This ensures transparent and efficient trading for users.