The price volatility of different cryptocurrencies varies greatly. Cryptocurrencies with smaller market caps, like some newly - launched tokens, are usually more volatile. This is because a small amount of buying or selling can have a significant impact on their prices due to lower liquidity. The price elasticity of a cryptocurrency is determined by factors such as its use - case, market adoption, and the level of speculation. For example, a cryptocurrency with a wide range of real - world applications may have a more stable price as its value is supported by actual usage.