Top tokens with strong growth during the day in the cryptocurrency market include OKB, ADA, RAY, BONK, and IOTA with increases ranging from 3.96% to 11.29%.
Conversely, some tokens like STRK, ILV, RPL, GRT, and ZK recorded slight declines during the trading session with decreases under 1%.
MAIN CONTENT
OKB leads the price increase during the day at 11.29%, reaching 107.57 USD.
ADA and RAY also showed positive fluctuations, increasing by 9.20% and 6.11% respectively.
Declining tokens have not exceeded the 1% mark, including STRK, ILV, RPL, GRT, and ZK.
Which token recorded the highest price increase during the day?
OKB is the token with the largest intraday price increase, reaching 11.29% and trading around 107.57 USD.
This increase reflects strong investor appeal for OKB during the trading session, contributing to enhanced liquidity and creating a positive trend for foundational tokens. Tokens like ADA increased by 9.20% to 0.953 USD, and RAY increased by 6.11% to 3.895 USD, also reflecting positive sentiment in some DeFi and Layer 1 sectors.
Which tokens are under selling pressure during the trading session?
Tokens STRK, ILV, RPL, GRT, and ZK witnessed negligible declines, under 1%, with STRK down by 0.93% to 0.148 USD; ILV down by 0.76% to 18.07 USD.
This slight decline indicates that selling pressure is not too great; investors still maintain a certain level of confidence in these tokens. Notably, RPL and GRT decreased slightly by 0.74% and 0.44% respectively in a market with many fluctuations.
"Intraday price fluctuations reflect rapid changes in the cryptocurrency market, simultaneously showing new opportunities for investors based on trends and liquidity."
Market Analysis, Crypto Expert August 2024
How can investors effectively utilize intraday token fluctuation information?
Closely monitoring intraday price fluctuations helps investors seize the right moments to buy or sell to optimize profits.
Investors should combine technical analysis with market sentiment insights, while also paying attention to liquidity fluctuations and fundamental news to minimize risks when trading highly volatile tokens intraday.
Is there a significant difference between the tokens that are increasing and those that are decreasing during the day?
The group of increasing tokens is often those projects with development potential, good liquidity, and receiving attention from the investment community.
Meanwhile, the group of declining tokens mainly faces profit-taking pressure or sometimes fluctuations due to adverse news, but declines not exceeding 1% indicate relative stability.
What are the main factors affecting the price of tokens during trading?
These factors include liquidity fluctuations, market sentiment, fundamental information about the project, and global financial events affecting investment flows.
Timely updates of data and market information provided by reputable exchanges are crucial for making accurate trading decisions regarding tokens.
Frequently Asked Questions
1. What does the intraday price increase of a token reflect?
Intraday price increases indicate that tokens have strong appeal during the trading session, often related to liquidity and positive investor sentiment.
2. Are tokens with price declines but under 1% concerning?
Small declines are often just technical adjustments; investors can continue to monitor to understand the next trend.
3. How to accurately track token price fluctuations?
Should utilize data from reputable exchanges and update daily market reports for timely analysis.
4. Should tokens be traded during strong intraday fluctuations?
Need to consider skills and risk management, take advantage of volatility to optimize profits but avoid being influenced by emotions.
5. How is the development potential of token OKB?
The strong increase of OKB reflects confidence in centralized applications and growth in the foundational token ecosystem.
Source: https://tintucbitcoin.com/okb-tang-strk-giam-phien-hom-nay/
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