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Nairaland Forum / Nairaland / General / Investment / Technological Factors Affect Cryptocurrency Prices (140 Views)
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Technological Factors Affect Cryptocurrency Prices by MantheDude: 8:41am On Aug 31, 2022 |
Technical factors is the technical analysis used by traders to make financial decisions to know 'WHEN’ to buy and sell and asset. The knowledge of technical analysis has been given a high priority since it's what institutional investors look at before they buy in into any asset. Crypto analysis make use of technology to plot price actions per time, a lag in this technology can largely cause a misconception which will in no time cause a large effect in crypto prices. Secondly, a recent occurrence of technological factor that affected crypto price was the depeging of Luna coins which was caused by a defect in the algorithm used to oeg the asset, it affected both the stable coins and the crypto asset pegged with it. |
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