Can't agree with you more. Despite the fact that crypto and other traditional markets have distinct characteristics, economical changes like this will surely affect these two.
Given the unpredictability of the crypto market, a trend like this is surely uncertain but yeah, it's good to know that there are trends we can expect from certain happenings
Topic: Demand for Remote Workforce, Surges Telecom Tokens (Read 70 times)
I do believed that there are 'could' be correlation between stocks and traditional markets now. I'm not familiar though "communications-related tokens". If they bring something unique to the crypto sphere, regardless if we are in a pandemic, it will surely attract crypto investors. But we will have to see if this trend will continue, or if this kind of tokens have value to bring in the table or not.
Tokens related to communications surged to more than 18% last week as per the report of a crypto monitor CryptoSlate.
Movements of stocks have been observed to be taking a steep nose dive since that turbulence caused by the health crisis. In spite of this, telecommunication stocks started to escalate slowly within the past week due to increased demand of remote workforce. As these similar stocks increased, communications-related tokens also took the ride up as it shows at least 18% of growth in a 7-day period.
Given the fact that there’s no correlation between the traditional and crypto markets, traders may somehow have to agree on the recent trends that stocks and tokens relating to a specific industry may perform similarly over the course of an outbreak like this.
Movements of stocks have been observed to be taking a steep nose dive since that turbulence caused by the health crisis. In spite of this, telecommunication stocks started to escalate slowly within the past week due to increased demand of remote workforce. As these similar stocks increased, communications-related tokens also took the ride up as it shows at least 18% of growth in a 7-day period.
Given the fact that there’s no correlation between the traditional and crypto markets, traders may somehow have to agree on the recent trends that stocks and tokens relating to a specific industry may perform similarly over the course of an outbreak like this.
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