Can digital currencies, despite their fluctuating and unstable value, begin to fill the traditional role of inflationary hedge for investors and ordinary people, especially since oil stocks have become morally unacceptable due to their impact on the environment, in addition to the rise in real estate prices and the stagnation of gold? If so, are some cryptocurrencies designed better than others?
There is no doubt that the encrypted digital currency markets have become a feature of the current era, as they have occupied the attention of many veteran or new investors around the world, despite the large price fluctuations that they witness from time to time, as the value of the largest encrypted digital currency has declined.” Bitcoin has declined sharply in the recent period, causing many investors to lose part of the wealth they had previously achieved, in addition to the declining impact that occurred on other digital currencies of smaller value as well.
The recent fluctuations that occurred in digital currencies have drawn the attention of many analysts and experts in online digital trading markets, as the “Ghanem” account on the social media platform Twitter posted about this matter, warning of the upcoming rises in the encrypted digital currency Bitcoin.
It is worth noting that his account is an awareness account that helps traders and investors understand this profitable and dangerous market at the same time, in addition to his classification as the best influencer in the Arab world according to a survey conducted by the Binance platform, which is considered the most important platform in the world for trading digital currencies, and it can be noted that there are many words The thanks and gratitude that Ghanem’s followers post on his page, as a result of his assistance to them and saving them in most cases from incurring major losses.
In addition, it should be noted that Ghanem’s Twitter account is considered a reliable source for many traders, as his Twitter account receives more than 28 million views every month, according to the site’s statistics. Ghanem recently opened a live broadcast on Twitter in which he talked about the price changes that occurred. There has been a change in digital currencies, their effects, and expectations of an increase, as the number of followers and joiners of the broadcast reached about 1,010 people, which is considered the largest Arab number in the encrypted digital currency markets.
During that broadcast, economic analyst Ghanem warned of the rises that the digital currency Bitcoin would achieve, which had already been achieved last Monday, July 27, as many investors and traders rejoiced at this good news for them.
However, Ghanem spoke about the dark side of these rises, as he said that they aim to hit all selling positions in futures contracts, and this was proven by statistics, as all online trading platforms collected in less than an hour up to one billion and 300 million dollars. American companies were as a result of these rises, while one of the famous platforms raised up to $100 million within a few minutes.
It is worth noting that the price has fallen again, as Ghanem mentioned in his calculation and warned against it, as it fell from 42 thousand to 38 thousand.