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How does the ISM concept relate to the finance of cryptocurrencies?

Rohan phegadeFeb 03, 2021 · 5 years ago1 answers

Can you explain how the ISM concept is connected to the finance of cryptocurrencies? What impact does it have on the market and how is it relevant to traders and investors?

Cryptocurrencies
Finance
ISM

1 answers

  • Nada Kamel abd El-HafezMay 11, 2022 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, recognizes the importance of the ISM concept in the finance of cryptocurrencies. The ISM metric provides valuable insights into the supply dynamics of different cryptocurrencies, allowing traders to assess the potential market impact. A low ISM indicates a limited supply, which can drive up prices and create profitable trading opportunities. Conversely, a high ISM suggests a larger supply, which may lead to price decreases. By considering the ISM concept, traders can better understand the market conditions and make informed investment decisions.

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