common-close-0
BYDFi
獲取應用程序並隨時隨地進行交易!
header-more-option
header-global
header-download
header-skin-grey-0

What are the alternatives to ATH forbidden in the cryptocurrency industry?

avatarSargent RiversNov 26, 2021 · 3 years ago6 answers

In the cryptocurrency industry, what are some alternatives to ATH (All-Time High) that are not prohibited? Are there any other metrics or indicators that traders and investors can use to gauge the performance of cryptocurrencies?

What are the alternatives to ATH forbidden in the cryptocurrency industry?

6 answers

  • avatarNov 26, 2021 · 3 years ago
    One alternative to ATH in the cryptocurrency industry is the 30-day high. Instead of comparing the current price to the all-time high, traders and investors can look at the highest price reached in the past 30 days. This metric provides a more recent and relevant indication of a cryptocurrency's performance.
  • avatarNov 26, 2021 · 3 years ago
    Another alternative is the market cap ranking. Instead of focusing solely on price, investors can consider the market capitalization of a cryptocurrency and compare it to other cryptocurrencies. This can give them a sense of the relative size and popularity of a particular cryptocurrency within the market.
  • avatarNov 26, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, offers an alternative approach to ATH. They have developed a proprietary metric called the Relative Strength Indicator (RSI), which takes into account various factors such as price momentum, trading volume, and market sentiment. The RSI provides a comprehensive assessment of a cryptocurrency's performance and can be a valuable tool for traders and investors.
  • avatarNov 26, 2021 · 3 years ago
    When ATH is forbidden, it's important to consider other indicators such as the price trend over a specific time period, trading volume, and market sentiment. These factors can provide insights into the performance and potential of a cryptocurrency. Additionally, monitoring news and developments in the industry can help identify opportunities and make informed investment decisions.
  • avatarNov 26, 2021 · 3 years ago
    In addition to ATH, other metrics like the 24-hour trading volume, price volatility, and social media sentiment can also be used to assess the performance of cryptocurrencies. These indicators provide a more dynamic and real-time view of the market and can help traders and investors make more informed decisions.
  • avatarNov 26, 2021 · 3 years ago
    While ATH is often seen as a significant milestone, it's important to remember that it is just one metric among many. By considering alternative indicators and metrics, traders and investors can gain a more comprehensive understanding of a cryptocurrency's performance and make more informed decisions.