Which cryptocurrencies have the highest coefficient of variation?

3 answers

• Nov 25, 2021 · 3 years ago
  The cryptocurrencies with the highest coefficient of variation, indicating the highest price volatility, are usually the smaller and less established ones. These cryptocurrencies often experience significant price swings due to their lower market capitalization and liquidity. Some examples of such cryptocurrencies include Ripple (XRP), Stellar (XLM), and Cardano (ADA). It's important to note that high price volatility can present both opportunities and risks for investors.
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• Nov 25, 2021 · 3 years ago
  When it comes to cryptocurrencies with the highest coefficient of variation, it's important to consider the time period over which the calculation is made. Different time periods can yield different results. However, some commonly known cryptocurrencies with high price volatility include Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). These cryptocurrencies have a large market capitalization and are widely traded, which contributes to their price volatility.
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• Nov 25, 2021 · 3 years ago
  According to a recent analysis by BYDFi, the cryptocurrencies with the highest coefficient of variation are often those that are newly launched or have a smaller market capitalization. These cryptocurrencies tend to attract more speculative trading and can experience significant price fluctuations. However, it's important to conduct thorough research and consider other factors such as project fundamentals and market trends before making any investment decisions. Please note that the cryptocurrency market is highly volatile and can be subject to manipulation.
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