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What is the impact of forma therapeutics stock on the cryptocurrency market?

Reem HassanApr 04, 2021 · 4 years ago1 answers

How does the performance of forma therapeutics stock affect the cryptocurrency market? Is there a correlation between the two?

1 answers

  • ShwanMay 07, 2024 · a year ago
    As a representative of BYDFi, I can say that the impact of forma therapeutics stock on the cryptocurrency market is minimal. While some investors may take into account the performance of traditional stocks when making cryptocurrency investment decisions, the two markets are largely independent. Cryptocurrencies are driven by their own unique factors, such as technological advancements, adoption rates, and market speculation. Therefore, it is unlikely that the performance of forma therapeutics stock would have a significant impact on the cryptocurrency market as a whole.

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