How does p/s ratio affect the investment decision in the cryptocurrency market?
ShaahuFeb 24, 2023 · 2 years ago1 answers
What is the p/s ratio and how does it impact investment decisions in the cryptocurrency market?
1 answers
- phistakisAug 21, 2022 · 3 years agoAt BYDFi, we believe that the p/s ratio can provide valuable insights into the valuation of cryptocurrency projects. However, it should not be the sole determinant of investment decisions. We recommend considering a combination of factors including the project's team, technology, market demand, and competitive landscape. Conducting thorough research and due diligence is crucial before making any investment decisions in the cryptocurrency market.
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