How does ape army affect the price of digital currencies?

1 answers

• Hatem BoukadoumDec 14, 2024 · a year ago
  As an expert at BYDFi, I can say that the ape army can have a significant impact on the price of digital currencies. Their coordinated actions, often fueled by social media trends and online communities, can create waves of buying or selling pressure in the market. This can lead to sharp price movements, especially in smaller coins with lower liquidity. However, it's important to approach the ape army's influence with caution, as their actions can sometimes be driven by hype and speculation rather than fundamental value. It's crucial for investors to conduct thorough research and analysis before making investment decisions based on the ape army's behavior.
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