Hello My Steemain Friends ,

How are you. I hope you people of steemian are good and enjoy your life . Well I am well. May God bless you all. Today I am writing about an interesting Steemit Engagement Challenge S11 - W4 which is all time my favourite topic “Cryptographic News And Events?." So in this post I am going to share my point of view about this topic.

Thankyou one of my favourite Community SteemitCryptoAcademy for organised this beautiful contest. I hope you people like and enjoy my post.

Of course, news can affect cryptocurrency prices to some extent. If we explain this in simple words, then it can be understood in this way that when a big investor buys a coin of a currency in large quantities, then the market price of that currency suddenly increases and if a big investor buys a currency in the market, If I start selling, then the price of that currency suddenly starts decreasing.

If that big investor posts the news through his social media that which coin he is selling or which coin he is buying, then those who consider him as a source of inspiration or those who follow him. They predict the market that which coin should be bought or sold at this time. What do we need to invest in?

Those who are new investors, they keep an eye on each and every movement of big investors, so that they do not have to suffer losses. If any news spreads in the market, even if it is just a rumour. Still the effect is visible on the prices. Government policies, global events, market fluctuations all these factors also affect the prices of cryptocurrencies.

Technical analysis means the study of charts 📈 whereas the fundamental analysis means that sometimes the news come or any event happens through which the market price fluctuate. Technical analysis is related to short-term investments and fundamental analysis is related to long-term investment.

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Fundamental analysis effects more in the market rather than technical analysis because technical analysis is not perfect. But we prefer both analysis, when any signal comes from technical analysis and the same signal is coming from the fundamental analysis. Then the signal is said to be more potential. The market is most likely to be respond to that signal because of its more potential.

If we consider both signals then the market will give good and handsome profits. But the most preferable is the fundamental analysis in comparison of technical analysis.

At last, technical analysis is the study of charts and the signals which are coming from the technical analysis are going on a positive or right path but sometimes some events take place in the market which makes the signals fake. That's why, fundamental analysis effects more more in the market.

Events such as Selling of coins massively, The burning of coins, creating new tools for a blockchain purely effect the price of cryptocurrencies.

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Selling of coins massively effect the price because when we sell coins massively then the supply of coins in the market increases or rises which leads the real price of the market to low. In other words, selling leads the price low and buying leads to high.

Burning of coin means that token, let's take an example of our steems. The teams had implemented #burnsteem25 so that the steems can burn by going to the account of @null. That steems remove from the circulating market which effects it and improves the market. Because when the supply decreases , demand increases and vice-versa.

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If a block chain creates more and more tokens, then the price of the coin decreases because when the supply increases in the market then the price decreases.

In the month of January 2022, Musk tweeted that if McDonald's is considered to be the most famous fast food company. If he starts transacting with Dogcoi, he will celebrate it and would like to celebrate this happiness by eating Happy Meal. Happy Meal is a dish from McDonald's.

A few days before denouncing bitcoin, Elon Musk polled his Twitter followers to find out whether Tesla would accept DOGE as payment. The meme-inspired cryptocurrency first appeared on social media in 2013 as a joke. He reformed the decision making process by holding a plebiscite.

The CEO of Twitter and Elon Musk of Tesla is regarded as the father of Dogecoin. Elon Musk said in a tweet that he would love to eat McDonald's flagship meal recipe Happy Meal on TV if McDonald's accepted his favorite cryptocurrency as payment. But his offer was rejected by MacDonald. McDonald's counter-reply came in the form of saying that he would accept Dogecoin only if the electric car maker Tesla accepted the grimecoin currency as payment.

Grimesoin is a kind of meme cryptocurrency which is a thin purple colored fluffy card.

After his tweet, there was a slight increase in the price of DOGE COIN which moved from $0.1359 to $0.1496 after a small increase. This increase was more than 10%.

Yes, crypto market can be manipulated in various ways. As we know that big investors are known as the whale investers who have huge amount of coins in the market. They can manipulate the market. Means, they can also give fake signals.

For example:-

If a person have 1 million Steems of its own and if he sells half of his Steems. Then the market price of steem will go on decreasing and then the public will think that the price of steem is falling then they also start selling their Steems in order to get less loss.

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If the person sell their Steems to small investors which led to more fall in their prices. And when the price touches the ground or very low then the big investors purchase them all. This is called market manipulation.

They create fake signals due to which small investors face loss and big investors manipulate it and take the advantages of it.

Thankyou 🙏

Greetings