The top Tokens that increased the most during the day recorded ILV up 29.42%, according to market data on August 5.
Cryptocurrencies with significant fluctuations during this trading session show a diverse range of increases and decreases, reflecting a vibrant market with various opportunities and risks.
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ILV leads the increase with 29.42%, reaching 17,491 USD.
AR, W, LTC, ORDI also have positive increases ranging from 2.43% to 4.39%.
1INCH, OM, GRT, MEME, BONK are Tokens that have slightly decreased in price during the day.
Which Tokens increased the most in the session on August 5?
ILV is the Token with the most impressive price increase, up 29.42%, trading at 17,491 USD.
AR, W, LTC, and ORDI also have positive price movements, increasing from 2.43% to 4.39%. This price increase reflects growing investor interest in these Tokens in the short term, possibly due to factors like product development or supportive market news.
For example, LTC maintains stability at a price of 121.37 USD and steadily increases by 3.00%, indicating a recovery potential in the diverse cryptocurrency market.
Which Tokens decreased the most according to the above data?
1INCH is the Token that lost the most in the declining group, down 1.82%, trading at 0.269 USD.
Other Tokens like OM, GRT, MEME, and BONK also slightly decreased from 1.10% to 1.21%. This decrease reflects minor selling pressure or technical adjustments by investors during the session, showing high volatility in the altcoin group.
The index has not dropped too deep but is sufficient to warn traders to be cautious and observe the next moves to minimize risks.
"The cryptocurrency market is constantly fluctuating. Closely monitoring intraday data helps investors seize timely opportunities and manage risks in the best way possible."
Nguyen Van Huy, Cryptocurrency Market Analyst, 2024
How does this price volatility impact investors?
Strong price fluctuations in leading Tokens during the day indicate that the cryptocurrency market remains full of profit opportunities as well as adjustment risks.
Professional investors should take advantage of upward trends to implement appropriate trading or HODL strategies, while applying strict risk management to mitigate negative impacts when Tokens decrease or fluctuate in the short term.
Understanding each Token line also helps allocate assets effectively within a diverse investment portfolio.
Should we rely entirely on intraday fluctuations to make investment decisions?
Intraday fluctuations are instantaneous indicators, and cannot reflect the entire long-term trend of a Token or project.
Sustainable investment requires a combination of technical and fundamental analysis to assess the overall potential, level of project development, along with broader market signals.
Placing complete trust in short-term price fluctuations can lead to emotional responses and asset depreciation risks.
How to effectively monitor these fluctuations?
Investors should use reputable market data platforms and update frequently, combining multi-dimensional analysis.
In addition, combining market news monitoring, updating reports, and expert opinions will enhance forecasting effectiveness and make accurate decisions.
Closely monitoring fluctuations in each session also helps identify signs of pump or dump, avoiding negative impacts.
Frequently Asked Questions
What is the ILV Token that increased the most on August 5?
ILV is a Token belonging to a DeFi project with good liquidity, impressive price volatility during the day reflecting short-term market appeal.
Are slightly decreasing Tokens like 1INCH concerning?
A slight decrease of about 1-2% is usually a technical adjustment, not necessarily signaling a long-term declining trend, additional supportive signals need to be monitored.
How to reduce risks when the market fluctuates strongly?
Risk management should be applied strictly, asset allocation should be reasonable, and not all capital should be placed into one Token or short-term movements.
Do intraday fluctuations reflect long-term trends?
No, intraday only reflects short-term fluctuations, it cannot replace fundamental and technical analysis for long-term forecasting.
What factors usually affect Token price fluctuations?
Technical factors, project news, overall market fluctuations, whale activity, and investor sentiment all significantly impact.
Source: https://tintucbitcoin.com/ilv-tang-1inch-giam-hom-nay/
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