Tokenomics as the main source of long-term price pressure
In the short term, the price may react to news, market sentiment, and liquidity flows. But in the long run, the decisive factor becomes tokenomics — a set of rules for the issuance, distribution, and circulation of the asset.
Any emission creates potential pressure, even if justified by the logic of system development. Unlockings, rewards, subsidies, and incentives form a constant influx of supply. If this volume is not compensated by sustainable external demand, the price is forced to adapt to the surplus.