John Wilson
Well-known member
Staking can play a crucial role in the price dynamics of a cryptocurrency. By locking up tokens, stakers reduce the circulating supply, which can increase demand and, in turn, potentially drive up the price. However, the effect can also be influenced by market conditions, staking rewards, and the overall utility of the coin. How have you seen staking impact the price of coins in your experience? Do you believe staking is a significant factor in price appreciation or just a short-term influence? Feel free to share your insights.