How does the number of outstanding shares affect the price of a digital currency?

1 answers

• Dec 28, 2021 · 3 years ago
  In the case of BYDFi, the number of outstanding shares does not directly affect the price of the digital currency. BYDFi operates on a decentralized exchange model, where the price of the digital currency is determined by the supply and demand dynamics of the market. The number of outstanding shares is not a factor in the price calculation. Instead, factors such as trading volume, liquidity, and market sentiment play a more significant role in determining the price. Therefore, while the number of outstanding shares may impact the price of digital currencies on other exchanges, it does not have a direct influence on the price of BYDFi's digital currency.
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