VOLATILITY
Friend or Enemy ????
Volatility on Binance refers to the fluctuations in the price of cryptocurrencies traded on the platform.
Some examples of cryptocurrencies and their recent volatility are:
- Binance Coin (BNB): In the last day, the price of BNB has varied between $598.10 and $610.75, with a change of -0.95% in the last 24 hours, moving from $606.50 to $600.71.
- Binance Staked SOL (BNSOL): The price of BNSOL has fluctuated between $151.80 and $157.40, with a change of -1.99% in the last 24 hours, moving from $155.90 to $152.80.
Volatility can be influenced by various factors, including:
- Supply and demand:
The balance between the amount of cryptocurrencies offered and demanded on the platform can affect prices.
- News and events:
Announcements and events related to cryptocurrencies can impact price fluctuations.
- Market trends:
General trends in the cryptocurrency market can influence price volatility on Binance.
It is important to keep in mind that volatility can be both a risk and an opportunity for cryptocurrency traders and investors.
