I recently read an interesting article about the BINANCE Blockchain Week 2023. It's one of the largest cryptocurrency conferences in the world, and it's always interesting to see how the markets react to these events.
One thing that I've noticed is that cryptos often pump before and during conferences. This is likely due to a combination of factors, including:
- Increased media attention: Conferences generate a lot of media attention, which can help to raise awareness of specific cryptos and projects.
- New announcements: Conferences are often where companies and projects make new announcements about their products and services. This can generate excitement and interest among investors.
- Networking opportunities: Conferences provide investors with the opportunity to network with other investors, developers, and industry leaders. This can lead to new investment opportunities and partnerships.
However, it's important to note that cryptos can also dump after conferences. This is because investors may sell off their holdings after they've had a chance to digest all of the news and announcements. Additionally, some investors may simply be disappointed with the event overall.
Disclaimer: This is not financial advice. Please do your own research before investing in any cryptocurrency.
