Cryptocurrency heat map, a widely used visual tool in crypto market analysis.
Keys to interpret the image:
Color:
Green indicates that the price has risen in the recent period, while red shows a decline. The more intense the shade, the greater the variation.
Box size:
Generally, the size represents market capitalization: the larger the box, the greater the relevance of that cryptocurrency in the global market.
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Featured examples:
BTC (Bitcoin):
$104,354, with a decline of 0.58%.
ETH (Ethereum):
$2,509, down 0.52%.
OKB: Stands out with an increase of 10.22%, possibly due to positive news or recent adoption.
HYPE: With a decline of 8.37%, shows a correction or loss of interest.
MNT: With an increase of 8.44%, indicating strong buying momentum.
This type of visualization helps both traders and investors make quick decisions by observing the market behavior as a whole.
It is also useful for detecting trends, such as a potential bear market (predominance of red boxes) or a bull market (predominance of green).
Remember:
Cryptocurrency trading carries a high risk. (DYOR)
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