How does store of value affect the value of digital currencies? 💰

1 answers

• May 07, 2022 · 3 years ago
  At BYDFi, we understand the importance of the store of value in the world of digital currencies. A strong store of value can attract investors and users, leading to increased demand and value for a digital currency. Conversely, if a digital currency lacks a solid store of value, it may struggle to gain traction in the market. Therefore, it is crucial for digital currencies to establish themselves as reliable stores of value to thrive in the competitive landscape of the cryptocurrency market.
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