What does it mean to squeeze a cryptocurrency?

1 answers

• jing siMay 09, 2023 · 2 years ago
  Squeezing a cryptocurrency is a tactic used by traders to artificially increase the price of a particular cryptocurrency. This is typically done by buying up a large amount of the cryptocurrency, creating a shortage of supply, and driving up the demand. The increased demand can lead to a significant price increase, allowing the traders to profit from their investment. However, it's important to note that squeezing a cryptocurrency can be considered market manipulation and is not a sustainable strategy in the long run. It's always advisable for investors to be cautious and to consider the fundamentals of a cryptocurrency before making investment decisions.
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