Which cryptocurrencies have the highest coefficient of variation?
Hakeem HussainJan 02, 2024 · a year ago3 answers
Can you provide a list of cryptocurrencies that have the highest coefficient of variation? I'm interested in knowing which cryptocurrencies have the most price volatility.
3 answers
- montupet louisJun 17, 2021 · 4 years agoThe 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.
- Nurjahan BagumMay 27, 2025 · a month agoWhen 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.
- Derick DiasSep 02, 2022 · 3 years agoAccording 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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