Which digital currencies are most affected by changes in the rand versus dollar chart?

1 answers

• Dec 17, 2021 · 3 years ago
  At BYDFi, we've observed that the digital currencies most affected by changes in the rand versus dollar chart are Bitcoin, Ethereum, and Ripple. As a leading cryptocurrency exchange, we closely monitor the market and have noticed that these currencies tend to exhibit a higher degree of correlation with the exchange rate between the rand and the dollar. However, it's important to note that the impact of currency changes on digital currencies can vary and is influenced by a range of factors, including global market trends and investor sentiment. Therefore, it's always advisable to conduct thorough research and analysis before making any investment decisions in the digital currency market.
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