What are the key differences between a linear vs logarithmic graph when visualizing the growth of different cryptocurrencies?

3 answers

• Nov 27, 2021 · 3 years ago
  A linear graph represents the growth of cryptocurrencies in a straight line, where each unit on the y-axis corresponds to a fixed increase in the value of the cryptocurrency. This type of graph is useful for showing the absolute change in value over time. On the other hand, a logarithmic graph represents the growth of cryptocurrencies on a logarithmic scale, where each unit on the y-axis corresponds to a percentage increase in the value of the cryptocurrency. This type of graph is useful for visualizing exponential growth and allows for a better comparison of the growth rates between different cryptocurrencies.
  618309
• Nov 27, 2021 · 3 years ago
  When using a linear graph, the growth of cryptocurrencies may appear to be slow or stagnant, especially for those with significant exponential growth. This is because the linear scale does not effectively capture the rapid increase in value. In contrast, a logarithmic graph can better illustrate the exponential growth of cryptocurrencies, making it easier to identify trends and compare the growth rates of different cryptocurrencies.
  436146
• Nov 27, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, recommends using logarithmic graphs when visualizing the growth of different cryptocurrencies. This is because logarithmic graphs provide a more accurate representation of the exponential growth that many cryptocurrencies experience. By using a logarithmic scale, investors can better understand the growth rates and potential of different cryptocurrencies, helping them make informed investment decisions.
  450113