🔴 When a new digital currency drops on trading platforms
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🔸️ A number of important factors usually occur that affect its price and movement, which can be summarized as follows:
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✅ 1. Rapid increase in price (sometimes)
When the currency drops on a famous platform, demand for it suddenly increases due to:
Increasing number of traders able to buy it.
The excitement and speculation from investors.
The platform's announcement gives greater confidence in the currency.