How can this measure help investors assess the volatility of a cryptocurrency in relation to overall changes in the cryptocurrency market?

1 answers

• Mar 19, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers a volatility index that can help investors assess the volatility of a cryptocurrency in relation to overall changes in the cryptocurrency market. The BYDFi volatility index calculates the volatility of various cryptocurrencies based on their historical price data. It provides a numerical value that represents the relative volatility of a cryptocurrency compared to the market as a whole. This index can be used by investors to evaluate the risk and potential returns of investing in different cryptocurrencies. By considering the BYDFi volatility index, investors can make more informed decisions about their cryptocurrency investments and manage their risk effectively.
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