In Venezuela, the elections for President were over, no one certainly doubted that Maduro would win. So, many countries reacted very decisively. Many don't believe in the fairness of the elections, and one by one the countries began to withdraw their ambassadors. Canada stated that such elections are unacceptable.
https://www.wsj.com/articles/after-venezuela-strongmans-victory-isolated-nation-faces-growing-chaos-1526935047Do you think that the possible isolation of Venezuela from many states can affect the cost of the El Petro currency? After all, India alone is not enough to maintain the value at a high level. Or do these sanctions and statements of other countries mean nothing and don't affect the value of the national cryptocurrency?
The isolation of the venezuela will give a lot of impact on the relationship between every country to the venezuela. Remember petro is a crypto backed by the oil. If you own petro and you can try to exchange it into oil. The bad relationship between those countries and venezuela will give an impact to the trade of oil between venezuela and those are isolating venezuela. Maduro tries to kill himself. The national crypto of venezuela will lose a lot of trusts.