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How can I best evaluate the on-chain activity of a cryptocurrency to assess its growth potential and long-term stability?" #CryptoAMA helping us understand key indicators for sustainable projects. #CryptoAMA #looz_crypto Answer us to get reward ....more info in picture..
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answer in comment to get reward ..... What are the most important indicators to look for when deciding to invest in a new crypto project, especially in a volatile market? #CryptoAMA Any one can share their strategies and advice. Also, feel free to check out some helpful content #CryptoAMA #looz_crypto
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What determines the price of cryptocurrencies? Cryptocurrencies are a tradable asset, much like stocks, commodities, securities and so on. Their price is determined by how much interest there is on the market in buying them – that’s called demand – and how much is available to buy – that’s supply. The relationship between the two determines the price. If there is significant demand for a particular coin, but the currently available supply is limited, then the price increases. The demand for coins sometimes rises regardless of the currency’s true value – this is termed overbought. Alternatively, if a significant quantity of a coin is sold without a solid reason, it is described as oversold. CRYPTO PRICE ESSENTIALS ° Price is determined by the relationship between supply and demand. ° The total amount of most cryptocurrencies is limited by max supply. ° Overbought coins are in high demand and are usually expensive. ° Oversold coins are in high supply and are usually underpriced. #learn_crypto_looz #PriceExploitation #MarketExperts
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🚀 Bitcoin Eyes Key Breakout from Symmetrical Triangle! 📉 Currently Trading in a Symmetrical Triangle 🔝 Attempting to Break Through Resistance After Rebounding from Support 🕙 Ichimoku Cloud Signals Strong Bullish Momentum 📈 Decisive Breakout Needed to Confirm Upward Trend! #learn_crypto_looz #BTC☀ #BTCSoarsTo68K $BTC
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