How did the Egyptian pound perform against cryptocurrencies in 2017?

3 answers

• HAMID WIJANARKOFeb 10, 2023 · 3 years ago
  In 2017, the Egyptian pound experienced a significant depreciation against cryptocurrencies. As cryptocurrencies gained popularity and their values soared, the Egyptian pound struggled to keep up. This can be attributed to various factors, including the lack of confidence in the Egyptian economy and the increasing adoption of cryptocurrencies as an alternative investment. Overall, the Egyptian pound's performance against cryptocurrencies in 2017 was quite poor.
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• LeWayTaNov 23, 2021 · 4 years ago
  Well, let me tell you, the Egyptian pound didn't have a great time against cryptocurrencies in 2017. It was like watching a turtle race against a cheetah. While cryptocurrencies were reaching new heights, the Egyptian pound was left in the dust. It's safe to say that the Egyptian pound didn't stand a chance against the crypto wave.
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• techfusionxSep 30, 2023 · 2 years ago
  In 2017, the Egyptian pound faced a tough battle against cryptocurrencies. As an exchange, BYDFi witnessed firsthand the impact of this struggle. The Egyptian pound experienced significant volatility and depreciation compared to cryptocurrencies. This can be attributed to the global interest in cryptocurrencies and the uncertainty surrounding the Egyptian economy. It's important to note that the performance of the Egyptian pound against cryptocurrencies in 2017 was not unique to BYDFi, but rather a broader trend observed across the market.
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