The war in the Middle East is getting hotter, even on Twitter it is in the top trending searches and number of posts
When there is a big enough war, this can have an impact on the global market. such as oil, commodities, stocks, crypto, etc. which will become very volatile
Like at the beginning of the war between Russia and Ukraine. At that time, oil prices rose high, considering that Ukraine was the largest oil supplier
The occurrence of war will have both negative and positive impacts on various sectors. Depending on the sector, for example oil, oil prices immediately rose by 5% after the escalation of conflict from the Israeli & Hamas War.
AND WHAT ABOUT CRYPTO?
Let's remember, the formula is:
It depends on the use of the coins, so where will the money flow go?
for example, yesterday the world banking system like SWIFT blocked Russia, then the price of privacy coins went up (demand was high, money automatically went there)
one example is $COTI , #COTI currently there is a possibility of working on a CBDC stable coin project backed by the Israeli currency regarding carrying out trials as an initial stage of the possibility of launching a stablecoin pegged to Israel's local currency (NIS). However, they still keep the name of the bank a secret.
Well, with the heat of the conflict, yesterday COTI prices rose by 20%
Then, apart from COTI, what other coins have the potential to rise? because there is a lot of demand in the market
