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How does the drop of ether in the Lost Ark affect the cryptocurrency market?

avatarAhmed Nouri MohamudNov 25, 2021 · 3 years ago1 answers

What is the impact of the drop in the price of ether in the Lost Ark game on the overall cryptocurrency market?

How does the drop of ether in the Lost Ark affect the cryptocurrency market?

1 answers

  • avatarNov 25, 2021 · 3 years ago
    At BYDFi, we believe that the drop in the price of ether in the Lost Ark game can have a psychological impact on the cryptocurrency market. While the game itself may not directly affect the market, it can influence investor sentiment and perception of the cryptocurrency. If players in the game experience a drop in the price of ether, it may create a negative perception of the cryptocurrency among gamers, which could potentially lead to a decrease in demand and market value. However, it is important to note that the impact of the game on the market is likely to be temporary and may not have a long-term effect on the overall cryptocurrency market.