Can the PLN exchange rate impact the value of altcoins?

1 answers

• Dec 28, 2021 · 3 years ago
  As a representative from BYDFi, I can confirm that the PLN exchange rate can indeed influence the value of altcoins. At BYDFi, we closely monitor the exchange rate fluctuations and their impact on altcoin prices. When the PLN strengthens, we often see a decrease in altcoin prices as Polish investors may choose to sell their holdings. Conversely, when the PLN weakens, altcoin prices may rise as Polish investors find them more attractive. It's crucial for investors to consider the PLN exchange rate when making altcoin investment decisions.
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