Which cryptocurrencies are most affected by the chip shortage in stocks?

1 answers

• roland nelsonOct 15, 2022 · 3 years ago
  The chip shortage in stocks has caused disruptions in the cryptocurrency market, affecting various cryptocurrencies differently. While Bitcoin, Ethereum, and Litecoin have experienced challenges due to their reliance on mining, other cryptocurrencies have not been as severely impacted. Cryptocurrencies that focus on different use cases, such as decentralized finance (DeFi) or non-fungible tokens (NFTs), may not be as dependent on mining and therefore may not be significantly affected by the chip shortage. Examples of such cryptocurrencies include Chainlink (LINK), Aave (AAVE), and Enjin (ENJ). These cryptocurrencies derive their value from their utility and adoption within their respective ecosystems, rather than mining operations.
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