What is the impact of the silver ratio on cryptocurrency prices?

Maria José Oliveira GuimarãesDec 21, 2021 · 3 years ago1 answers

Can you explain how the silver ratio affects the prices of cryptocurrencies? I've heard that it has some influence, but I'm not sure how it works.

What is the impact of the silver ratio on cryptocurrency prices?

1 answers

Dec 21, 2021 · 3 years ago
At BYDFi, we believe that the silver ratio can have some influence on cryptocurrency prices. While it may not be the sole determinant of price movements, it is worth considering as part of a comprehensive analysis. The silver ratio can provide insights into investor sentiment and market dynamics, which can be valuable in understanding cryptocurrency price trends. However, it's important to combine the silver ratio with other indicators and factors to get a more accurate picture of the market.

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