What do you to think brings about the volatility for the prices in crypto currencies.?

Xtynehappy

Community Advocate
Bronze Supporter
Literary Virtuoso
Registered Member
Joined
Jan 7, 2024
Messages
1,797
Reaction score
78
D Bucks
💵4.626075
Referral Credit
0
The behavior for the change in the prices of the crypto currency is never predictable. That means anything can happen with the prices. However with the use of some technical tactics and knowledge you can guess on the direction for the next change in the crypto currency.
What causes the changes in the prices?
 
Crypto has been known to be characterized by the highest market volatility, uncontrolled price changes, which can result in profits or losses for investors and traders. They not only have to master technical analysis but have to be agile and adaptive to market forces. Several factors influence crypto market volatility such as demand&supply, market sentiment, liquidity etc.
 
The behavior for the change in the prices of the crypto currency is never predictable. That means anything can happen with the prices. However with the use of some technical tactics and knowledge you can guess on the direction for the next change in the crypto currency.
What causes the changes in the prices?
The major factor that cause volatility in prices of cryptocurrency is news or information. For example, if Elon Musk buys a particular coins, it can push the price up. Another example, if exchange like Binance said that they want to delist a particular coin, this news can make the coins to drop in value. Another factor that can cause volatility is called pumping and dumping. Somw crypto whales will hype a coin and the price will rise. Once, it reach a particular price, they will sell off their coins and make massive gains.
 
12,033Threads
92,819Messages
288Members
gwolf666Latest member
Top