How does expd nasdaq affect the value of digital currencies?

1 answers

• Dec 17, 2021 · 3 years ago
  BYDFi, as a digital currency exchange, believes that the inclusion of digital currencies on the Nasdaq exchange can have a significant positive impact on their value. It provides a higher level of trust and credibility to the digital currency market, attracting more institutional investors and retail traders. This increased demand can lead to an increase in prices and overall market sentiment. However, it's important to note that the value of digital currencies is also influenced by various other factors such as market trends, regulatory developments, and overall investor sentiment. While the inclusion on Nasdaq can be seen as a positive development, it does not guarantee a continuous upward trajectory for digital currencies. Investors should always conduct thorough research and consider their risk tolerance before making investment decisions.
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