Why do some cryptocurrencies experience significant price changes while others remain stable?

1 answers

• May 01, 2022 · 3 years ago
  The significant price changes in cryptocurrencies can also be attributed to the speculative nature of the market. Many investors in the cryptocurrency market are driven by the potential for high returns and quick profits. This speculative behavior can lead to significant price fluctuations, as investors buy and sell cryptocurrencies based on short-term market trends and rumors. Additionally, the lack of regulation and oversight in the cryptocurrency market can contribute to price volatility, as there are fewer safeguards against market manipulation and fraudulent activities.
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