What is the 12-month bsby rate in the cryptocurrency market?

3 answers

• Feb 19, 2022 · 3 years ago
  The 12-month bsby rate in the cryptocurrency market refers to the annualized rate of return on investment over a 12-month period. It is calculated by taking into account the price change of a cryptocurrency over the past year. This rate provides investors with an indication of the overall performance of a cryptocurrency in the market over a longer time frame. It is often used by traders and investors to assess the potential profitability of holding a particular cryptocurrency for a longer period of time.
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• Feb 19, 2022 · 3 years ago
  The 12-month bsby rate is a measure of the average annual return on investment for a cryptocurrency over a 12-month period. It is calculated by dividing the ending price of the cryptocurrency by the starting price, subtracting 1, and multiplying by 100 to get the percentage return. This rate is useful for investors who are looking to evaluate the long-term potential of a cryptocurrency and make informed investment decisions based on historical performance.
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• Feb 19, 2022 · 3 years ago
  The 12-month bsby rate in the cryptocurrency market is an important metric that investors use to assess the performance of a cryptocurrency over a longer time frame. It takes into account the price fluctuations of the cryptocurrency over the past year and provides an annualized rate of return. This rate can help investors identify trends and make informed decisions about whether to buy, sell, or hold a particular cryptocurrency. It is important to note that the bsby rate is just one factor to consider when evaluating a cryptocurrency, and investors should also consider other factors such as market conditions, project fundamentals, and overall market sentiment before making any investment decisions.
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