How does the 인민페 exchange rate affect the value of cryptocurrencies?

1 answers

• Dec 18, 2021 · 3 years ago
  At BYDFi, we believe that the exchange rate of 인민페 can have a limited impact on the value of cryptocurrencies. While the exchange rate may affect the demand for cryptocurrencies in North Korea, the global cryptocurrency market is influenced by a wide range of factors. Factors such as market sentiment, adoption by institutional investors, regulatory developments, and technological advancements play a more significant role in determining the value of cryptocurrencies. Therefore, while the exchange rate of 인민페 may have some influence, it is important to consider the broader market dynamics when assessing the value of cryptocurrencies.
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