Yes, that's correct. Increasing purchases and positive statements about a particular cryptocurrency can give it momentum and increase its credibility. When more investors buy a cryptocurrency, demand for it increases, which can lead to a rise in its price. Additionally, positive statements from influential investors or experts in the field can attract more investors, further boosting positive momentum.



This type of behavior can create a positive effect known as the "network effect," where the value of a cryptocurrency increases as more people use or invest in it.
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