Everything in the world is based on supply and demand. For this reason, investors can withdraw their demands from cryptocurrencies for certain reasons. For example, Elon Musk’s withdrawal of investment from a cryptocurrency can damage that cryptocurrency and cause a decrease in demand. At the same time, coins such as Shiba Inu and Floki Inu are among the reasons that increase the demand. But this is not the main reason.
Cryptocurrency whales are one of the top causes of movement in coins. Whales, in short, are companies and institutions with high assets in cryptocurrencies. Loaded entries have the possibility of increasing that money. The laws, laws and statements of heads of state about crypto money can also increase crypto money. Especially when they declare that they are not against this technology, an increase is always seen in the stock market. The activities of cryptocurrencies also make the market move. Sandbox’s value increased after it announced that it would be making an event soon. The most important are updates to cryptocurrencies. These coins, which are digital and built on code, are based on updates. After the update, the money that will be processed faster and with less fees will be more valuable.