The AAX token (Academic Labs) exhibits high volatility, a common characteristic in cryptocurrencies, which means its price can experience sharp and rapid changes in short periods of time168. For example, in one month, a volatility of 364.04% has been reported, indicating significant movements in its value.
This volatility is due to several factors, such as the nature of the crypto market, the liquidity of the token, and events related to the AAX exchange, which has faced temporary withdrawal suspensions due to security updates and technical issues, which can influence user perception and trust, affecting price stability.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.