What is the impact of holiday hours on EOS price volatility?

3 answers

• May 18, 2022 · 3 years ago
  During holiday hours, the trading volume in the cryptocurrency market tends to decrease, which can lead to increased price volatility for EOS. With fewer participants actively trading, even small buy or sell orders can have a larger impact on the price. This increased volatility can be attributed to the reduced liquidity and thinner order books during holiday hours.
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• May 18, 2022 · 3 years ago
  Holiday hours can have a significant impact on the price volatility of EOS. With many traders taking time off and reduced market activity, the market becomes more susceptible to price swings. This can be especially true for EOS, as it is a relatively liquid cryptocurrency. Traders should be aware of the potential for increased volatility during holiday hours and adjust their trading strategies accordingly.
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• May 18, 2022 · 3 years ago
  According to a study conducted by BYDFi, holiday hours have a noticeable impact on the volatility of EOS price. The reduced trading volume during holidays can lead to larger price fluctuations, as there are fewer market participants to absorb buy or sell orders. Traders should consider this factor when planning their trading activities during holiday periods.
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