Extrinsic Value refers to the value determined by external factors that influence the perception and demand for an asset, beyond its intrinsic value. In the context of cryptocurrencies, this value is determined by elements such as market sentiment, regulation, macroeconomic conditions, and technological innovation. While intrinsic value focuses on the underlying characteristics and usefulness of a crypto asset, extrinsic value reflects how external information and context can create or destroy value in the eyes of investors.