What is the basis for Huobi’s price fluctuations?
What is the basis for Huobi\’s price fluctuations? Huobi dominates the global dig
What is the basis for Huobi’s price fluctuations? Huobi dominates the global digital asset trading market and has become one of the most popular platforms. Currently, Huobi is the fifth largest exchange in the world (Coinbase). After May 15, 2020, the prices of mainstream digital currencies such as Bitcoin, Ethereum, and Litecoin have risen by 15% and 12% respectively. In addition, Huobi has also established multiple compliant exchange alliances overseas, aiming to promote the development of the cryptocurrency industry and the standardized development of the global market.
From the above five points, it can be seen that the fluctuations of Huobi depend on three basic factors: 1. Whether there is obvious market manipulation; 2. Whether there is willingness and expectation from investors to invest in Huobi; 3. Whether the price of Huobi can reflect the purchasing desire of institutional investors for its products; 4. Whether the price of Huobi has a strong linkage with other mainstream financial platforms.
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