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What is the network effect?

February 20, 2023 by DIGIT
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Crypto’s value increases with more users, creating a positive feedback loop due to the network effect.

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Categories Collectors, Creators, defi, DEXes, Network Effect
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  • bitcoinBitcoin(BTC)$78,242.00-5.87%
  • ethereumEthereum(ETH)$2,405.28-9.76%
  • tetherTether(USDT)$1.000.05%
  • binancecoinBNB(BNB)$776.85-7.82%
  • rippleXRP(XRP)$1.66-3.02%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$105.03-10.18%
  • tronTRON(TRX)$0.286791-1.53%
  • staked-etherLido Staked Ether(STETH)$2,404.26-9.66%
  • dogecoinDogecoin(DOGE)$0.105464-6.06%
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  • bitcoinBitcoin(BTC)$78,242.00-5.87%
  • ethereumEthereum(ETH)$2,405.28-9.76%
  • tetherTether(USDT)$1.000.05%
  • binancecoinBNB(BNB)$776.85-7.82%
  • rippleXRP(XRP)$1.66-3.02%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$105.03-10.18%
  • tronTRON(TRX)$0.286791-1.53%
  • staked-etherLido Staked Ether(STETH)$2,404.26-9.66%
  • dogecoinDogecoin(DOGE)$0.105464-6.06%