What factors does token price depend on?

[Gyrgen]

So far, technologies and other advantages that determine the relevance of the project will not affect the price in any way in my opinion. The price is influenced by trading bots and the desire of an investor to make money. The only exception is bitcoin, the price formation of which is influenced by market mechanisms.

[@chison]

Even with low circulating supply coins might not really move up if investors don't get involve with the token. This will grow the market capitalisation in terms of liquidity to make the token price 

[nelson4lov]

I think the circulating supply has a major role to play when it comes crypto price increase just like what the article is saying that crypto with low circulating amout, would likely increase in price just like yearnfinance the price is more than the  project with big circulating number of token and coins, this can cause delay in the project.

Your right man, Circulating Supply plays a big role in tokens price, cause  all my years bounty hunting have come to realize that projects with low capped supply  the  value of their tokens tend to be relatively high compared to tokens that their supply is high, example dogecoin have over 167 billion in circulation, thats why it's kinda impossible for dogecoin to hit $1.

[Bony11]

The price of any currency or token in the cryptocurrency market affects the interest of investors.  If the project is listed on a good exchange then investors are more interested in that token.  As a result, token or currency prices continue to rise. And if a project team tries to show the best as the market demands.