How is the price of cryptocurrency determined, mathematically, who decides this value and how?

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The value of any cryptocurrency is determined by the market and people like you and me.

A new crypto currency is launched in the market and they price their currency as 0.001 ETH per unit.

Now when it is listed on the exchange, they talk about the exchange value.

Suppose it agrees at 0.001 ETH per unit.

It now lists it on exchange with that value.

At this time, the company gets hold of the price.

Suppose you want to buy at 0.0009 which is less than the listing price.

If someone is ready to sell at that price, they will sell and your purchase order will be filled.

If no one is willing to sell it, your order will not be fulfilled.

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