In March, clever crypto traders were influenced by rumors three times

Cryptocurrencies’ prices are subject to market-moving news developments that propagate quickly on the internet because they are a digital-native asset class. Keeping up with optimistic headlines may help crypto traders make significant profits, but navigating the crypto news landscape can be difficult.

The amount of potentially relevant information and the challenge of constantly being among the first to acquire the news that matters are two key hurdles. According to extensive research, listings, staking announcements, and large partnerships are the three types of crypto-related developments that reliably impact digital asset prices. This information helps traders focus on the results that will be most interesting to them.

What is the most excellent approach for crypto traders to ensure that they are the first to hear about potentially significant stories before the rest of the pack? There is no shortage of technological alternatives from carefully selecting one’s Twitter alerts to various crypto data terminals.

Staking announcements can significantly impact the market, especially when a staking program for a particular asset is launched on a robust platform with appealing terms. Anchor Protocol’s introduction on Binance Staking, which offers up to a 40% annual percentage income on ANC, was ideal.

Binance Twitter announcement for Crypto traders

Binance’s Twitter account was used to announce that the token was trading at $3.79, and it soon gained traction. Eighteen hours later, the price of ANC had risen to $4.90, and by March 5, it had surpassed the $6.00 barrier.

SNX: A listing announcement with two barrels

Another unfortunate tweet pushed the price of Synthetix Network Token even higher (SNX). There were two Twitter announcements of the imminent listing, although the first did not make much of a splash. However, the announcement of the official start of SNX trading (the red circle in the picture) caused SNX’s price to jump from $3.98 to $4.77 in just 23 hours, a 19.8 percent rise.

Also, read – Users can Now Trade Stablecoins on Phemex

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— Binance (@binance) March 20, 2022

Sand: A significant partnership means a lot of money.

Partnership announcements appear less frequently among the most important as opposed to listing and staking news. However, there are instances when a partnership agreement’s price-boosting benefits outweigh those of most others. A general rule is that if you learn about a non-crypto firm partnering with a crypto project, the price of the linked token will likely rise.

The banking behemoth HSBC is a name that most crypto traders are familiar with. Its entry into the Metaverse, aided by The Sandbox, was expected to result in a significant increase in the value of the SAND token. SAND’s price soared almost vertically minutes after the news, rising from $2.85 to $3.28 (a 15% rise) in just 18 hours.