common-close-0
BYDFi
Trade wherever you are!

How does priceminus keep coming back affect the price of cryptocurrencies?

avatarBryant TsaiDec 15, 2021 · 3 years ago1 answers

Can you explain how the constant return of priceminus affects the value of cryptocurrencies?

How does priceminus keep coming back affect the price of cryptocurrencies?

1 answers

  • avatarDec 15, 2021 · 3 years ago
    At BYDFi, we've observed that priceminus can have a significant impact on the price of cryptocurrencies. When priceminus keeps coming back with positive values, it indicates a bullish trend in the market. This can attract more buyers and investors, leading to an increase in demand and a rise in prices. Conversely, when priceminus keeps coming back with negative values, it suggests a bearish trend, which can result in selling pressure and a decline in prices. Therefore, priceminus is an important factor to consider when making investment decisions in the cryptocurrency market.