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TagsHow does accumulation/distribution affect the price of cryptocurrencies?
Janaki ChennaDec 28, 2021 · 3 years ago1 answersCan you explain how accumulation and distribution impact the price of cryptocurrencies? How do these factors influence the market and what are the potential outcomes for investors?
1 answers
- Accumulation and distribution are also influenced by market sentiment and external factors. Positive news or developments related to a cryptocurrency can trigger accumulation, as investors become more optimistic about its future. Conversely, negative news or regulatory actions can lead to distribution, as investors become more cautious or fearful. It's also worth mentioning that accumulation and distribution can vary across different cryptocurrencies and exchanges. Some cryptocurrencies may experience more accumulation due to their perceived potential, while others may face more distribution due to market trends or specific events. Overall, accumulation and distribution are important factors to consider when analyzing the price movements of cryptocurrencies and making investment decisions.Dec 28, 2021 · 3 years ago
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