The Tokens that rose and fell sharply during the trading session clearly reflected the volatility of the cryptocurrency market.
According to the latest market data from OKX, some Tokens recorded impressive growth, while others faced significant downward pressure in the same period.
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Token ZRO leads the price increase of the day with 21.09%, reaching 2.343 USD.
LDO and WIF also recorded growth of 9.67% and 4.08%, respectively.
Tokens like ILV and LINK decreased by 3.06% to 1.78% during the trading session.
Which Tokens experienced the most impressive price increases today?
Data on OKX shows that ZRO stands out with a price increase rate of 21.09%, currently trading at 2.343 USD, leading in the group of Tokens with the strongest price increases.
Next, LDO increased by 9.67%, reaching a price of 1.506 USD, and WIF also recorded an increase of 4.08%, priced at 1.0234 USD. This growth somewhat reflects the appeal of these Tokens, related to positive signals from the market or supporting events.
SATS and BONK also increased by 3.66% and 3.61%, priced at 0.0000000435 USD and 0.0000279 USD, respectively, reflecting positive reception from investors in the cryptocurrency market.
Which Tokens are under downward pressure during the trading session?
In contrast to the rising group, some large Tokens like ILV and LINK decreased by 3.06% and 1.78%, trading at 18.233 USD and 22.089 USD, respectively.
The COMP, LTC, and TRX coins also recorded slight declines, from 0.64% to 0.29%. This adjustment reflects caution or profit-taking pressure from investors in the market.
This indicates that the market is still in a volatile state, needing to monitor additional technical signals and fundamentals to predict the next trend.
The cryptocurrency market is always highly volatile, and tracking the price increase and decrease indicators of Tokens helps investors assess opportunities and risks more realistically.
Cryptocurrency market analyst, 2024
What factors affect Token price fluctuations during the day?
Token price volatility can be influenced by many factors such as market news, project events, technical factors, or investor sentiment. The interaction of these factors creates various ups and downs within the same day.
For example, Tokens that have important infrastructure development or partnership events often experience rapid price increases. Meanwhile, negative information or strong selling pressure can cause prices to drop sharply.
Monitoring market data early helps investors effectively control risks and take advantage of suitable growth opportunities.
Frequently asked questions
1. What causes the strong price increase of Token ZRO?
The price increase of ZRO comes from positive signals related to the project and liquidity on the exchange, attracting new investment flows.
2. How to monitor Token price fluctuations the fastest?
Investors should use real-time updated market data platforms like OKX to monitor fluctuations.
3. Are declining Tokens a buying opportunity?
A price drop is not always a buying signal; it is necessary to analyze fundamental and technical factors carefully before making a decision.
4. Why is there a significant difference between Tokens in the same trading session?
Each Token is affected by its own mechanisms, news, and market actions, leading to uneven volatility.
5. How to minimize risk when investing in highly volatile Tokens?
Applying risk management, diversifying the portfolio, and closely monitoring market trends help effectively mitigate risks.
Source: https://tintucbitcoin.com/zro-tang-ilv-giam-hom-nay/
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