How does Gecko calculate the price of Monero?

3 answers

• Aaron SantiagoDec 17, 2020 · 5 years ago
  Gecko calculates the price of Monero by aggregating data from various cryptocurrency exchanges. It takes into account the trading volume and price of Monero on each exchange, as well as the liquidity and depth of the order books. The algorithm then weights and combines this data to calculate an average price for Monero. This ensures that the price displayed on Gecko is a fair representation of the market.
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• doreyNarOct 31, 2021 · 4 years ago
  Gecko uses a sophisticated algorithm to calculate the price of Monero. It considers factors such as the supply and demand dynamics, market sentiment, and the overall trading activity of Monero. By analyzing these variables, Gecko is able to provide an accurate and up-to-date price for Monero.
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• OmarRJul 10, 2024 · 2 years ago
  When it comes to calculating the price of Monero, Gecko relies on data from various exchanges to ensure accuracy and fairness. By taking into account the trading volume and price of Monero on different platforms, Gecko is able to provide a comprehensive view of the market. This approach helps prevent any single exchange from manipulating the price and ensures that users get a reliable and unbiased price for Monero.
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