LEO is the strongest price gainer of the day with an increase of 0.71%, trading at 9.623 USD.
At the same time, many important tokens like RAY, NEAR, AR, THETA, and FET all recorded significant price drops, with RAY being the most notable at a drop of 8.26%.
MAIN CONTENT
LEO leads the intraday price increase, reaching 9.623 USD, up 0.71%.
RAY experienced the deepest price drop of the day with a decrease of 8.26%, currently at 3.470 USD.
Many other large tokens like NEAR, AR, THETA, and FET dropped from 5.69% to 6.76%.
Which token has recorded the highest intraday price increase currently?
LEO is the only token in the top that recorded a positive intraday increase, rising 0.71%, currently trading at 9.623 USD. Data from the OKX exchange on August 18 confirms this is the best-performing token in the group.
The stability and slight increase of LEO indicate better market volatility absorption compared to other tokens at this time.
Which tokens have decreased the most in price today?
Prominent among the intraday price drop tokens is RAY with a loss of up to 8.26%, currently at 3.470 USD. This is the most significant daily drop in the market.
In addition to RAY, several other notable tokens also decreased, such as NEAR dropping 6.76%, AR dropping 5.79%, and both THETA and FET dropping 5.69%. This overall downward trend reflects strong selling pressure and negative volatility in the cryptocurrency market.
The price drop of these main tokens reflects increased caution in trading and the potential for deeper price corrections in the short term.
Cryptocurrency market analyst, 2024
What is the impact of this volatility level on investors?
Significant fluctuations in many tokens like RAY and NEAR may lead investors to reconsider their asset allocation strategies and risk management.
Meanwhile, the slight price increase of LEO may provide additional diversification opportunities for investors who prefer to invest in tokens with more stable trends.
How to track market data to assess token volatility more accurately?
Using data from reputable exchanges like OKX is an effective method to recognize intraday price fluctuations. This data helps investors stay updated on market developments to make accurate decisions.
Using technical analysis tools combined with price data is the standard way to predict price trends and mitigate risks in investment.
What are the tokens LEO, RAY, NEAR, AR, THETA, and FET?
LEO is often known as a utility token in exchange ecosystems, helping to reduce fees and increase liquidity. Tokens RAY, NEAR, AR, THETA, and FET are projects with blockchain foundations with distinct development goals in DeFi, decentralized storage, video streaming, and AI.
Understanding the nature of each token helps investors assess the market's potential and risks correctly while choosing according to their personal investment strategies.
Frequently Asked Questions
Does LEO have long-term price increase potential?
The slight price increase of LEO during the day shows stability, but further monitoring of technical indicators and market news is needed to assess long-term potential accurately.
Why did RAY experience the most significant price drop among tokens today?
The price drop of RAY reflects strong selling pressure and may be due to technical factors or negative news impacting investor sentiment.
How to track price fluctuations of tokens most accurately?
Using data from reputable exchanges and in-depth analysis platforms will help update price fluctuations in real-time and analyze trends effectively.
What are the highlights of NEAR and AR in the cryptocurrency market?
NEAR focuses on developing user-friendly blockchain for decentralized applications, AR specializes in decentralized storage to enhance security and data sustainability.
What should investors do when tokens experience significant price drops?
It is important to check market information, assess trends, and manage risks by allocating a reasonable portfolio or cutting losses timely to preserve capital.
Source: https://tintucbitcoin.com/leo-tang-ray-giam-manh-hon-8/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
