What are the key factors that influence the HV percentile of different cryptocurrencies?

1 answers

• David IngleNov 11, 2023 · 2 years ago
  At BYDFi, we have observed that the HV percentile of different cryptocurrencies is primarily influenced by market demand, investor sentiment, and overall market conditions. When there is a high demand for a particular cryptocurrency, its HV percentile tends to increase. Similarly, positive investor sentiment towards a cryptocurrency can also drive its HV percentile higher. On the other hand, negative news or a decline in market interest can lead to a decrease in the HV percentile. It's important to note that the HV percentile is just one measure of volatility and should be considered alongside other factors when evaluating cryptocurrencies.
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