[SCT] Share the Good News About Coin/Token to Increase Prices

anggreklestari (74)in #sct • 5 years ago (edited)

The cryptocurrency market can indeed go up and down quickly, very fluctuating. There are many factors that influence the cryptocurrency phase.

The main thing that affects the price of cryptocurrency is the balance of supply and demand. When cryptocurrency is popular and many requests, the price will rise. Vice versa, if the supply is high while demand is low, prices will drop. Rapid changes in the balance of supply and demand result in prices going up and down. Leaps in the chart encourage traders to buy or sell.

Then, what is the connection between spreading the good news and the opportunity to increase the price of a coin or token?

Digital Asset

Volatility the price of cryptocurrency is largely based on the hype that often keeps interesting high. A sharp drop in prices can be influenced by a post on social media and the utterances of famous people in the world of cryptocurrency. In the field of cryptocurrency, the news really has a significant influence on the situation on the market.

However, the news can be fake. In such circumstances, investors will be minus. To prevent this, traders should only use verified news sources, as well as news analysis on several sources because we might find statements that are not supported.

That's why it also requires the strength of a community that supports a crypto project, to spread positive news. The higher public awareness of a crypto project, the chance the price of coins/tokens from the project will increase, because of more supply and demand.

So, let's Steemians, let's spread positive news about your favorite Steem projects.

Strategic and tactical use of Twitter and Instagram can help increase public awareness about a crypto project. Things to remember if you want to share more often about project crypto on non-blockchain social media, then you need to do a smoothing of meaning so that your account is not blocked.