Which cryptocurrencies are most affected by fluctuations in the AUD/JPY exchange rate?

3 answers

• Nov 30, 2021 · 3 years ago
  As an expert in the field of cryptocurrencies, I can tell you that Bitcoin and Ethereum are among the most affected by fluctuations in the AUD/JPY exchange rate. These two cryptocurrencies have a significant market cap and are traded on various exchanges, making them more susceptible to changes in major currency pairs like AUD/JPY. When the AUD/JPY exchange rate experiences fluctuations, it can impact the value of Bitcoin and Ethereum, leading to price movements in these cryptocurrencies.
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• Nov 30, 2021 · 3 years ago
  When it comes to the AUD/JPY exchange rate, Ripple (XRP) and Litecoin (LTC) are also known to be influenced by its fluctuations. Ripple, with its focus on cross-border payments, is affected by changes in currency exchange rates. Similarly, Litecoin, often referred to as the silver to Bitcoin's gold, experiences price movements in response to changes in major currency pairs like AUD/JPY.
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• Nov 30, 2021 · 3 years ago
  According to my analysis, BYDFi, a digital currency exchange, has observed that cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin are most affected by fluctuations in the AUD/JPY exchange rate. These cryptocurrencies have a strong presence in the market and are highly traded, making them more susceptible to changes in currency pairs. It's important to keep an eye on the AUD/JPY exchange rate if you are trading these cryptocurrencies.
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