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Technological Factors Affect Cryptocurrency Prices - Investment - Nairaland

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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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