Top Tokens with the strongest increases and decreases of the day according to OKX market data published on August 10.
Data shows RAY leading the increase with 15.74%, while ILV is the top Token for decline at 2.50% during the same period. These fluctuations reflect significant trading developments in the cryptocurrency market.
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RAY increased by 15.74%, leading the daily increase at a price of 3.473 USD.
ILV decreased by 2.50%, being the Token with the most significant decline of the day at a price of 18.96 USD.
Data is compiled from the OKX market, reflecting the significant price fluctuation of Tokens.
Which Tokens had the most outstanding price increases on August 10?
OKX market data on August 10 shows RAY as the Token with the highest intraday price increase, reaching 15.74% with the current trading price of 3.473 USD. Other Tokens also showed impressive upward momentum such as LDO up 12.47% at 1.337 USD, RPL up 5.22% at 8.888 USD, IMX up 4.68% at 0.606 USD, and GLM up 4.33% at 0.267 USD.
These fluctuations reflect increased investor interest in these Tokens during the trading session and may be related to events or new updates in the project. The outstanding price increase of RAY stands out, signaling positive signals for both short-term and long-term investors.
Which Token had the strongest price decrease during the same period and why?
According to reports from OKX, ILV was the Token with the strongest price decrease on August 10, dropping 2.50 to 18.96 USD. Following that, CFX decreased 2.37% at 0.208 USD, XTZ decreased 2.28% at 0.900 USD, XRP decreased 1.12% at 3.236 USD, and XLM decreased 1.06% at 0.445 USD.
This decline reflects selling pressures or negative market factors affecting the Tokens, making investors need to be cautious and further monitor the project's fundamental information. Capturing this trend helps manage risks more effectively in trading.
This price movement highlights the volatility of the cryptocurrency market and the importance of closely monitoring trading data to make reasonable investment decisions.
Blockchain analyst, Minh Anh, 2024.
Analyze the significance of Token price fluctuations in the short term.
Sudden changes in Token prices like RAY or ILV often reflect news or new events related to the project. An increase or decrease of over 10% in one day is a sign of strong liquidity or a quick market reaction.
For investors, large intraday fluctuations provide opportunities for profit but also increase risk. Closely monitoring reliable market data sources like OKX helps verify the right timing to enter trades, while technical and fundamental analysis are essential factors to maximize benefits.
Top Tokens that increased and decreased on August 10 according to OKX data.
Token Price (USD) Change Rate (%) Fluctuation RAY 3.473 +15.74 Increase LDO 1.337 +12.47 Increase RPL 8.888 +5.22 Increase IMX 0.606 +4.68 Increase GLM 0.267 +4.33 Increase ILV 18.96 -2.50 Decrease CFX 0.208 -2.37 Decrease XTZ 0.900 -2.28 Decrease XRP 3.236 -1.12 Decrease XLM 0.445 -1.06 Decrease
Frequently Asked Questions
Did the strong rise of Token RAY that day result from fundamental factors?
This fluctuation may be related to new information or updates from the project; however, further technical analysis and news should be consulted before making investment decisions.
Why did ILV significantly decrease in price on the same day?
The decrease in ILV's price may be due to selling pressure or negative news affecting investor sentiment, reducing liquidity and pushing the price down.
How reliable is OKX market data?
OKX is one of the reputable exchanges with large trading volumes; data from here accurately reflects market developments in real time.
What to do when the cryptocurrency market fluctuates significantly in a day?
Investors need to manage risks closely, monitor credible news, and apply technical analysis to protect their portfolios.
How to effectively track the intraday fluctuations of Tokens?
Using tools and data from major exchanges like OKX combined with on-chain analysis will help investors quickly grasp market changes.
Source: https://tintucbitcoin.com/ray-tang-ilv-giam-hom-nay/
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