Why Cryptocurrency Prices Fluctuate So Much?
A single statement answer to the question of what drives the price of cryptocurrencies would be – because it is still at a nascent stage.
Being a market that is yet to find its set of logical use cases, cryptocurrencies are still at a very nascent stage. And the result of this newness is the high volatility in the industry, which is majorly driven by the heightened experiments that investors make to get a sense of how the cryptocurrency prices fluctuate or why does bitcoin fluctuate so much?
An example of this can be seen in the fluctuating Bitcoin value cryptocurrency market price that the famous coin has shown last year –
Besides this nascency, there are several other factors that affect the frequently changing cryptocurrency value in the market. But by the end, you should know, that the only person who loses in this market- is the one who sells!
What is a CryptoRobot?
A Crypto robot is an auto-trading software that use complex algorithms and mechanisms to scan the Bitcoin markets, read signals and make decisions on which trades to place in order to provide profit.
As a robot, they are far more effective than humans because they are able to scan all information available on a particular cryptocoin (in this instance Bitcoin), and execute trades, all in a matter of seconds.
The way robots work is by looking at buy/sell signals. These signals are what allows the robot to be seconds ahead of the market, which means that you will be able to make bigger profits than everyone else.
Bitcoin robots can have up to 99% win rate, meaning that for every ten trades made by each of these robots, at least nine are correct. Two of such robots are invented by our team at UniproBank and we take huge pride in them.