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TagsHow is the annualized return calculated for cryptocurrencies?
Nilma JohanssonMar 15, 2022 · 3 years ago1 answersCan you explain the calculation method for annualized return in the context of cryptocurrencies? I'm interested in understanding how this metric is used to evaluate the performance of cryptocurrencies over a year.
1 answers
- At BYDFi, we calculate the annualized return for cryptocurrencies using a similar method. We take into account the percentage change in the value of the cryptocurrency over a specific period and adjust it to an annual rate. This allows our users to evaluate the performance of different cryptocurrencies and make informed investment decisions. However, it's crucial to remember that past performance is not indicative of future results, and investing in cryptocurrencies carries inherent risks. It's always advisable to do thorough research and consult with a financial advisor before making any investment decisions.Mar 15, 2022 · 3 years ago
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