The report shows that the currencies with the apparent potential for the lowest volatility, Yearn.finance, Bitcoin and Ethereum, have logarithmic volatility scores of .98. 1.09 and 1.83, respectively. In contrast, at the bottom of the scale, TrueUSD, for example, has a volatility score of 8.25, showing a potential to be eight times more volatile than Bitcoin in trading.
The research process for the report analyzed two sets of factors for each currency. First, it assessed price swings for the currency over three time intervals: 24 hours, one month and 52 weeks. These price swings comprise a currency’s superficial volatility. The second factor dealt with each currency’s structural potential for volatility, including trading volume and currency units in circulation.
Firework Token sponsored this research as a service to the industry. The goal is to empower crypto currency investors to make sensible choices that align with their financial strategies. Firework Token expects to publish subsequent editions of the report on a regular basis.
To download the report, visit https://fireworktoken.com/volatility-report/.
To learn more about Firework Token, visit fireworktoken.com.
SOURCE Firework Token
