What is Crypto Price Floor?

A price floor is a minimum price set for a particular good or service. For example, in cryptocurrency, a price floor is a minimum price set for a particular cryptocurrency and is intended to prevent the price from falling below that level. Governments, regulatory bodies, or cryptocurrency exchanges can set price floors. For example, a government may set a price floor for a particular cryptocurrency to protect consumers from volatility and prevent the price from falling too low. Similarly, a…