Top tokens with the highest increases and decreases today according to OKX market data on August 13.
Market data shows that leading tokens in today’s growth include RAY, SOL, WIF, PEOPLE, and BONK; meanwhile, the tokens with the steepest declines include XTZ, LDO, CRO, ZRO, and NOT.
MAIN CONTENT
RAY leads the intraday increase with a price of 3.483 USD, up 8.10%.
SOL, WIF, PEOPLE, BONK also recorded price increases ranging from 4.26% to 6.90%.
XTZ, LDO, CRO saw the largest declines of the day, falling from 3.11% to 4.62%.
Which tokens had the strongest price increases on August 13?
OKX market data recorded RAY as the token with the highest intraday price increase, reaching 8.10%, with the current trading price at 3.483 USD.
In addition, SOL ranks second with a 6.90% increase, trading at 194.23 USD. Other tokens like WIF, PEOPLE, and BONK also saw significant growth from 4.26% to 4.49%, indicating investor interest in these cryptocurrencies during the specific trading session.
The price increase momentum may be related to events or news connecting the project, but further in-depth analysis on market trends is needed.
Which tokens had the strongest declines in the same trading session?
XTZ is the token that suffered the most severe price drop of 4.62%, currently trading at 0.856 USD, followed by LDO which fell 4.59% to 1.505 USD.
Tokens CRO, ZRO, and NOT also decreased in price within a range of 3.11% to 4.30%. This decline reflects strong selling pressure or negative news impacting these tokens during the day.
This declining trend needs to be closely monitored by investors to make reasonable decisions in managing their cryptocurrency asset portfolio.
"Intraday price fluctuation analysis shows that tokens can be significantly impacted by short-term market factors and updated news, requiring investors to remain vigilant and assess carefully."
Nguyen Van Hung, Cryptocurrency Market Analyst, 2024
How does intraday price increase and decrease data help investors?
Intraday price increase and decrease data provides a quick view of market sentiment and price fluctuations, supporting reasonable buying or selling decisions.
Capturing tokens with significant fluctuations helps investors seize profit opportunities or adjust portfolios to minimize risk based on technical analysis and the latest market information.
Should we rely entirely on intraday fluctuations for trading?
Intraday price fluctuations are reference data but should not be the only factor determining trading, as they are often influenced by short-term phenomena, FOMO, or individual news.
The professional advice is to combine intraday data with fundamental analysis and long-term trends to ensure a balanced and sustainable investment strategy.
What can the top rising and falling tokens indicate about market trends?
The price increase of many diverse tokens indicates strong diversification in the investment portfolio, reflecting the trend of capital flowing into potential projects with high liquidity.
Conversely, declining tokens indicate signs of selling pressure or short-term market adjustments, helping investors identify potential risk points to avoid losses.
Frequently Asked Questions
What does the strong price increase of token RAY on August 13 mean?
The 8.10% increase indicates growing interest from investors; however, additional support factors such as the project or overall market need to be monitored for sustainable evaluation.
How did SOL's price fluctuate on August 13?
SOL's price increased by 6.90%, trading around 194.23 USD, reflecting relatively strong confidence from the cryptocurrency community.
Why did the token XTZ decline the most today?
XTZ fell by 4.62% due to selling pressure or market information impacts, investors should be cautious when adjusting their portfolio.
Are intraday price fluctuations a sign of long-term trends?
Not necessarily, as intraday fluctuations reflect short-term trends; investors need to combine long-term analysis to make decisions.
How to use price increase and decrease data effectively?
This data helps identify short-term opportunities or risks, supporting portfolio management, but must be combined with multiple indicators simultaneously.
Source: https://tintucbitcoin.com/ray-tang-xtz-giam-tren-san-tien-so/
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