30d Definition
30d in the context of cryptocurrency represents the 30-day price movement of a particular digital asset. This metric is often used to evaluate the recent volatility or stability of a cryptocurrency over the past month.
30d Key Points
- 30d refers to the 30-day timeline of a cryptocurrency’s price movement.
- It is a commonly used measure of recent volatility or stability.
- Investors and traders use this information when making decisions about buying, selling, or holding a certain cryptocurrency.
What is 30d?
30d stands for 30 days. In the realm of cryptocurrency, it represents the 30-day price movement observed in the value of a particular digital asset. This metric is an essential tool when analyzing investment strategies, as it helps determine the recent trends and volatility associated with a digital coin.
Why is 30d important?
Monitoring the 30d price change is crucial for investors and traders, as it can provide rich insights about the recent behavior of a cryptocurrency. Understanding this may help in making informed trading decisions. An asset with high volatility may present opportunities for quick gains, but also comes with significant risk.
Who uses 30d?
30d price movement tracking is primarily used by cryptocurrency investors, traders, and analysts. It acts as a valuable tool for conducting technical analysis and formulating trading strategies, especially for those involved in day trading or swing trading.
When is 30d used?
The 30d metric can be used at any time when assessing the potential of a cryptocurrency investment. It is especially useful when considering whether to enter or exit a position, or assessing the risk and return profile of a digital asset over the past month.
How is 30d calculated?
The 30d price movement is calculated by subtracting the current price of the cryptocurrency from its price 30 days ago. This difference is then divided by the price from 30 days ago and multiplied by 100 to get a percentage change.
