In the world of cryptocurrencies, many believe that trading means spending hours in front of the monitor analyzing price movements. However, trading goes far beyond that. It is crucial to study not only the crypto market but also political, economic, technological, and social factors that may influence currency trends.
A recent example is the case of the token related to Donald Trump. Many thought that with his inauguration as President of the United States, this asset would see a significant increase in its value. Some even believed that this would be an opportunity for considerable profits. But the reality was different.
The currency remained relatively stable, with a slight downward trend. Its fluctuation range was limited to 3% above and below its base price, with some sporadic spikes. Overall, the gains were well below expectations. This was partly due to the new social and economic policies implemented by Trump, which affected dollarized economies and, by extension, cryptocurrencies.
My advice, before trading or converting cryptos, is to evaluate all external factors that may impact their value. Consider that cryptocurrencies are at the center of an interconnected global ecosystem, and a single event can drastically alter their behavior. Researching and maintaining an informed perspective will always be your best tool.
