Can reverse splits be used as a strategy to increase the price of cryptocurrencies?
Ochoa HarrisonSep 04, 2023 · 2 years ago1 answers
Is it possible to use reverse splits as a deliberate strategy to boost the price of cryptocurrencies? How does this strategy work and what are the potential implications?
1 answers
- Francisco limaJun 24, 2020 · 5 years agoAt BYDFi, we believe that the focus should be on building a strong foundation for a cryptocurrency rather than relying on short-term price manipulation strategies like reverse splits. Our approach is to prioritize technological innovation, community engagement, and partnerships to create sustainable value for our users. While reverse splits may have a temporary impact on the price, we believe that long-term success comes from delivering real-world utility and addressing the needs of the market.
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