Analysis: Impressive Gains of Eternal and Ripple leave Bitcoin in the Dust
- While Bitcoin holders wait for the bull market other crypto traders cash out
Recently, most crypto investors have been complaining about Bitcoin's poor Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders can be successful in both low and high volatile environments, but the strategies employed are often different depending upon volatility. Why Too Much Volatility is a ProblemIn the FX space, lower volatile currency pairs offer less surprises, and are suited to position traders.High volatile pairs are attractive for many day traders, due to quick and strong movements, offering the potential for higher profits, although the risk associated with such volatile pairs are many. Overall, a look at previous volatility tells us how likely price will fluctuate in the future, although it has nothing to do with direction.All a trader can gather from this is the understanding that the probability of a volatile pair to increase or decrease an X amount in a Y period of time, is more than the probability of a non-volatile pair. Another important factor is, volatility can and does change over time, and there can be periods when even highly volatile instruments show signs of flatness, with price not really making headway in either direction. Too little volatility is just as problematic for markets as too much, we uncertainty in excess can create panic and problems of liquidity. This was evident during Black Swan events or other crisis that have historically roiled currency and equity markets. In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders can be successful in both low and high volatile environments, but the strategies employed are often different depending upon volatility. Why Too Much Volatility is a ProblemIn the FX space, lower volatile currency pairs offer less surprises, and are suited to position traders.High volatile pairs are attractive for many day traders, due to quick and strong movements, offering the potential for higher profits, although the risk associated with such volatile pairs are many. Overall, a look at previous volatility tells us how likely price will fluctuate in the future, although it has nothing to do with direction.All a trader can gather from this is the understanding that the probability of a volatile pair to increase or decrease an X amount in a Y period of time, is more than the probability of a non-volatile pair. Another important factor is, volatility can and does change over time, and there can be periods when even highly volatile instruments show signs of flatness, with price not really making headway in either direction. Too little volatility is just as problematic for markets as too much, we uncertainty in excess can create panic and problems of liquidity. This was evident during Black Swan events or other crisis that have historically roiled currency and equity markets. Read this Term. However, once one looks past the largest coins in the rankings, some exciting trading opportunities are to be found. This week, one of them already gained over 700 percent in value.
The token in question is Eternal Token (XET). Between September 20-26, the price of Eternal skyrocketed by 736.69 percent, earning it the title of the top gainer in the past seven days. Universal Cash came in second place with a gain of 370.37 percent. All coins among the Top 5 Gainers registered an increase of more than 150 percent in the past seven days.
XET was created for a specific reason. The token can be exchanged with Eternal Coin (XEC) at a 1:10 ratio. Since XEC can only be traded and acquired via authorized exchanges, XET opens up the possibility to make it tradable with various currencies on global exchanges. The Eternal project was created by Tokyo-based Atom Solutions.
The increase in the price of the Eternal token was followed by strong growth in trading volume. Just in the last 24 hours more, than $1,360 million was traded. The rest of the coins among the top 5 gainers had a 24h volume no bigger than $200,000.
Better Than Others
Eternal's gains look even more impressive when compared with the performance of the price of Bitcoin (BTC) and that of Ripple (XRP). Ripple is one of the best performing „big” currencies recently. However even its 50 percent gain this week looks pale in comparison to Eternal token's performance.
The Finance Magnates Intelligence Department has launched a new project, creating a set of analyses covering various aspects of the cryptocurrency trading industry. These will provide you with unique data points gathered by our analysts, that will serve as a valuable knowledge base for your decision making.
Recently, most crypto investors have been complaining about Bitcoin's poor Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders can be successful in both low and high volatile environments, but the strategies employed are often different depending upon volatility. Why Too Much Volatility is a ProblemIn the FX space, lower volatile currency pairs offer less surprises, and are suited to position traders.High volatile pairs are attractive for many day traders, due to quick and strong movements, offering the potential for higher profits, although the risk associated with such volatile pairs are many. Overall, a look at previous volatility tells us how likely price will fluctuate in the future, although it has nothing to do with direction.All a trader can gather from this is the understanding that the probability of a volatile pair to increase or decrease an X amount in a Y period of time, is more than the probability of a non-volatile pair. Another important factor is, volatility can and does change over time, and there can be periods when even highly volatile instruments show signs of flatness, with price not really making headway in either direction. Too little volatility is just as problematic for markets as too much, we uncertainty in excess can create panic and problems of liquidity. This was evident during Black Swan events or other crisis that have historically roiled currency and equity markets. In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders can be successful in both low and high volatile environments, but the strategies employed are often different depending upon volatility. Why Too Much Volatility is a ProblemIn the FX space, lower volatile currency pairs offer less surprises, and are suited to position traders.High volatile pairs are attractive for many day traders, due to quick and strong movements, offering the potential for higher profits, although the risk associated with such volatile pairs are many. Overall, a look at previous volatility tells us how likely price will fluctuate in the future, although it has nothing to do with direction.All a trader can gather from this is the understanding that the probability of a volatile pair to increase or decrease an X amount in a Y period of time, is more than the probability of a non-volatile pair. Another important factor is, volatility can and does change over time, and there can be periods when even highly volatile instruments show signs of flatness, with price not really making headway in either direction. Too little volatility is just as problematic for markets as too much, we uncertainty in excess can create panic and problems of liquidity. This was evident during Black Swan events or other crisis that have historically roiled currency and equity markets. Read this Term. However, once one looks past the largest coins in the rankings, some exciting trading opportunities are to be found. This week, one of them already gained over 700 percent in value.
The token in question is Eternal Token (XET). Between September 20-26, the price of Eternal skyrocketed by 736.69 percent, earning it the title of the top gainer in the past seven days. Universal Cash came in second place with a gain of 370.37 percent. All coins among the Top 5 Gainers registered an increase of more than 150 percent in the past seven days.
XET was created for a specific reason. The token can be exchanged with Eternal Coin (XEC) at a 1:10 ratio. Since XEC can only be traded and acquired via authorized exchanges, XET opens up the possibility to make it tradable with various currencies on global exchanges. The Eternal project was created by Tokyo-based Atom Solutions.
The increase in the price of the Eternal token was followed by strong growth in trading volume. Just in the last 24 hours more, than $1,360 million was traded. The rest of the coins among the top 5 gainers had a 24h volume no bigger than $200,000.
Better Than Others
Eternal's gains look even more impressive when compared with the performance of the price of Bitcoin (BTC) and that of Ripple (XRP). Ripple is one of the best performing „big” currencies recently. However even its 50 percent gain this week looks pale in comparison to Eternal token's performance.
The Finance Magnates Intelligence Department has launched a new project, creating a set of analyses covering various aspects of the cryptocurrency trading industry. These will provide you with unique data points gathered by our analysts, that will serve as a valuable knowledge base for your decision making.