What impact does the broader copyright market have on the price of XVS?

What impact does the broader copyright market have on the price of XVS?

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The broader copyright market heavily influences the price of XVS, as it does for most digital assets. When market sentiment is bullish, increased interest in DeFi and governance tokens like XVS can drive up demand, resulting in price increases. On the other hand, during bearish market conditions, XVS can experience sharp declines as investors reduce their exposure to volatile assets. By keeping a close watch on the price of XVS, investors can gauge how broader market trends are affecting its value.