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Selected Cryptocurrencies: Volatility Figures for the Past 3 Months

  • Alexander Goborov
    📊‍ Infographics

    With more and more traders resorting to minor altcoins for business, these new volatility figures are sure to be of use to many


Selected Cryptocurrencies: Volatility Figures for the Past 3 Months
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Volatility is an important parameter to consider whilst preparing to conduct trades, especially with lesser known currencies that these days are bought and sold every hour as a promising pathway to quick profits. It shows how unstable any given cryptocurrency’s market price is and how much periodic price figures deviate from the average, which can be seen by percent.

If you take any column of price values, calculate their average (i.e. mean), then look at how much each value is different from that average (i.e. get the deviations), square all those deviations and, in turn, calculate their own mean, you will get statistical variance. Calculate the square root of that variance, and you will get what is known as standard deviation. Turn that standard deviation into percentage representations, and here is your volatility.  

Having processed prices of the selected altcoins taken at five minute intervals for the past three months and calculated their respective variance and standard deviation, our partners Datalight are now providing their corresponding percentage figures, i.e. the volatility, with market cap ratings relevant to the time of the statistical analysis having been written underneath:


VOLATILITY GRAPH

MobileGo (MGO), Holo (HOT), LockTrip (LOC) are all at around 60%; Haven Protocol (XHV) and Energi (NRG) are at around 70%; Smartlands (SLT) is at around 80%; Nasdacoin (NSD) and Everipedia (IQ) are at around 90%; Etheera (ETA) is at around 110%; and finally, Box Token (BOX) is at over 550%, very volatile indeed.

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Institutional Interest in Bitcoin Continues to Grow: Report

  • Alex Morris
    📊‍ Infographics

    Institutional Bitcoin trading volumes have been on the rise since the beginning of April, but there is only one winner in this game
     


Institutional Interest in Bitcoin Continues to Grow: Report
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Contents

According to a new study published by Blockchain research firm Diar, institutional Bitcoin trading volumes are growing for the fourth consecutive month. The fact that the number of CME futures contracts skyrocketed since the beginning of April is the icing on the cake.

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CME’s dominance

 As reported by U.Today, CME Bitcoin futures saw their daily trading volume increase by a whopping 950 percent with 22,542 contracts on Apr. 4. In fact, the sudden rise in Bitcoin price was linked to the expiration of CME futures.  

So far, that level of interest remained steady with 11,873 contracts traded on Apr. 11.


Institutional Interest in Bitcoin Continues to Grow: Report

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The only winner

With CBOE pulling the plug on Bitcoin futures due to its inability to compete with its Chicago-based rival CME, there is a clear winner in this race. While Diar calls CBOE ‘the biggest loser’, Grayscale's Bitcoin Investment Trust (GBTC) is not exactly on the winning side, either. It now accounts for 24 percent of the market, lagging behind CME (a far cry from its 50 percent market share back in January 2018).

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New heights

The dominance of institutional products has been steadily rising since January. As of April, institutional money is responsible for 19 percent of the total Bitcoin trading volume (almost 8 percent more than during the market peak in January 2018). However, it has yet to match its 24 percent market share that was recorded in July.

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