How does hodl contribute to the value of digital currencies?

1 answers

• May 11, 2022 · 3 years ago
  At BYDFi, we believe that hodling is an important factor in the value of digital currencies. When investors hold onto their coins instead of selling them, it reduces the available supply in the market. This scarcity can increase demand and drive up the price of the currency. Additionally, hodling can create a sense of trust and confidence in the market, as it shows that investors believe in the long-term potential of the currency. This belief can attract more buyers and contribute to the overall value of digital currencies.
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