Sunday, October 13, 2024

What factors affect cryptocurrency exchange rates?

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  • Author
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  • #49415
    Hitter
    Participant

    Cryptocurrency exchange rates are influenced by many factors. First, news about major investors, regulations, partnerships or hacks can instantly affect the exchange rate. Second, economic events, such as interest rate hikes by central banks, can cause a downturn in the cryptocurrency market. And, of course, market trends, including the behavior of large “whales” or massive altcoin purchases, play an important role. Constant monitoring of news helps to better predict possible changes in value.

    #49416
    Hestia
    Participant

    I recently encountered a situation where the cryptocurrency I needed started to fall sharply after news of impending regulation in a major country. This affected the exchange rate in exchangers. I was looking for a convenient service for fast exchanges and found https://quickex.io/blog, which I learned about from their blog. Their rates turned out to be attractive and I made a quick transaction. Now I try to monitor such platforms more often so that I don’t miss good opportunities.

    #49702
    beeemma40
    Participant

    Could you recommend a platform where I can conveniently manage and store cryptocurrency?

    #49707
    corybell26
    Participant

    I know a great platform with investment tools, and other useful features. I’m talking about https://nonbank.io/ . If you go and read a little bit about this platform, you will learn that there are many features that help you not just store, but also increase your assets through different tools. I am still just exploring the features of this platform, but I can already see that it is convenient and safe. The platform is definitely worth a look if you’re looking for more than just a wallet.

    #49836
    Chento
    Participant

    beeemma40, I’m wondering the same thing.
    How to safely store cryptocurrency in 2024/2025? I just recently came into the crypto sphere, so I want to hear your advice for beginners. Many experts recommend using Ledger Live hardware wallet. Do you think this wallet is suitable for safe storage of Litecoin? Or should I choose another wallet?

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