common-close-0
BYDFi
Trade wherever you are!

How does creeping tender affect the valuation of digital currencies?

avatarCASTRO VALLEY SIDINGDec 26, 2021 · 3 years ago1 answers

Can you explain how the concept of creeping tender affects the valuation of digital currencies? What are the potential implications for the market and investors?

How does creeping tender affect the valuation of digital currencies?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we believe that creeping tender can have both positive and negative effects on the valuation of digital currencies. On one hand, it can create a sense of scarcity and drive up the price, which can benefit existing holders. On the other hand, it can also lead to price manipulation and volatility, which can be detrimental to the overall market stability. It's important for investors to stay informed and consider the potential implications of creeping tender on the valuation of digital currencies before making investment decisions.