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Home» Questions»Q 101070
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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Crystal
CrystalKnowledge Seeker
Asked: September 13, 20232023-09-13T07:45:10+00:00 2023-09-13T07:45:10+00:00In: Crypto & Forex

Can price of a coin control by someone?

Can price of a coin control by someone?

Do you think price of a coin can manage and control by individual or a team ?

What can make such thing happened. ?

cryptocurrencymarket price
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3 Answers

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  1. Ramolak19
    Ramolak19 Knowledge Seeker
    2023-09-13T08:58:37+00:00Added an answer on September 13, 2023 at 8:58 am

    A number of things can affect a cryptocurrency's price, but no single person can directly control it. News, investor attitude, trade activity, market supply and demand, and other factors all affect prices. Due to the decentralized structure of the majority of cryptocurrencies and the broader marketRead more

    A number of things can affect a cryptocurrency’s price, but no single person can directly control it. News, investor attitude, trade activity, market supply and demand, and other factors all affect prices. Due to the decentralized structure of the majority of cryptocurrencies and the broader market forces at work, large traders, or “whales,” can temporarily influence things by making massive trades, but maintaining control is difficult.

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  2. Emmyty
    Emmyty Trusted Adviser Entrepreneur
    2023-09-13T09:04:37+00:00Added an answer on September 13, 2023 at 9:04 am

    The price of a coin cannot be directly controlled by someone. It is influenced by market factors such as supply and demand, investor sentiment, and economic conditions. While individual or team actions can have an impact on the price, they do not have complete control over it. Factors such as large-Read more

    The price of a coin cannot be directly controlled by someone. It is influenced by market factors such as supply and demand, investor sentiment, and economic conditions. While individual or team actions can have an impact on the price, they do not have complete control over it. Factors such as large-scale buying or selling, news events, or market manipulation can influence prices in the short term, but the overall market forces ultimately dictate the long-term price of a coin.

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  3. deucher
    deucher Active Contributor
    2024-04-25T13:20:46+00:00Added an answer on April 25, 2024 at 1:20 pm

    I think that not many coins can be controlled by one person because it is a market and everyone can sell and buy, but someone who has a lot of money can control the price of a small token. For example, Elon Musk did this with Dogecoin, but he did not even invest money, but simply posted a photo of aRead more

    I think that not many coins can be controlled by one person because it is a market and everyone can sell and buy, but someone who has a lot of money can control the price of a small token. For example, Elon Musk did this with Dogecoin, but he did not even invest money, but simply posted a photo of a dog on Twitter, and people immediately began to buy this coin, and I think he then sold small quantities of coins that he bought himself

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