Cryptocurrency Q&A
Why has Filecoin dropped?
Why has Filecoin dropped?
emma_carter_doctor
Thu Nov 28 2024
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5 answers
1395
I've been keeping track of Filecoin's performance and noticed a significant drop in its value. I'm curious to understand the reasons behind this decrease. Could it be due to market conditions, project-specific issues, or some other factors?
5 answers
RubyGlider
Sat Nov 30 2024
The high correlation of Filecoin with Bitcoin, at 0.90, is another drawback of the cryptocurrency.
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mia_clark_teacher
Sat Nov 30 2024
Filecoin investors have recently taken a step back, resulting in a notable decline in open interest.
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ShintoSanctuary
Sat Nov 30 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of investors in this volatile market.
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CryptoWizard
Sat Nov 30 2024
Within just eight days, the open interest has dropped by 28%, indicating a significant shift in investor sentiment.
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Raffaele
Sat Nov 30 2024
This sudden change underscores the fragile nature of confidence in volatile markets, such as those involving cryptocurrencies.
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