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Explain to a beginner: explosion of a crypto price

Binance

Cryptocoins Exchanges / Binance 221 Views

Hey guys I am not that new but I still have to learn a lot. Can anyone tell me what causes a price of a crypto to explode.

Sometimes it seems logical. Like after an update or something like that. But sometimes it seem kinda random for a crypto to just skyrocket. (Or crashes)

Does everyone collectively think they are going to buy/sell. It’s probably a lot more complicated than that. Maybe you can take SOL as an example.

I am curious about your answer :) Have a nice day

submitted by /u/HzrdCorruption
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