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30d

Give me the basics

30d in crypto refers to the change in value of a cryptocurrency over the last 30 days. It is a measure of how much the price of a cryptocurrency has gone up or down in the last month. For example, if a cryptocurrency was worth $100 30 days ago and is now worth $150, its 30d would be +50%. Similarly, if the same cryptocurrency was worth $200 30 days ago and is now worth $150, its 30d would be -25%.

In-depth explanation

In the world of cryptocurrency, market movements can be fast and furious. Prices can skyrocket one day and plummet the next. Keeping track of these fluctuations is important for anyone interested in buying, selling, or trading cryptocurrencies.

One measure that can help investors understand the performance of a cryptocurrency is the 30d (30-day) metric. The 30d metric tracks the price movement of a cryptocurrency over the last 30 days.

For example, let’s say that Bitcoin was trading at $50,000 on January 1st. If its price rose to $60,000 on February 1st, then its 30d performance would be +20%. This means that the price of Bitcoin increased by 20% over the previous 30-day period.

Similarly, if the price of Bitcoin fell to $40,000 on February 1st, its 30d performance would be -20%. This means that the price of Bitcoin decreased by 20% over the previous 30-day period.

The 30d metric is important for a number of reasons. First, it can help investors make informed decisions about when to buy or sell a cryptocurrency. If a cryptocurrency has had a positive 30d performance, it may be a good time to buy, as its price may continue to rise. On the other hand, if a cryptocurrency has had a negative 30d performance, it may be a good time to sell, as its price may continue to fall.

Second, the 30d metric can help investors understand the overall health of the cryptocurrency market. If the 30d performance of most cryptocurrencies is positive, it may indicate that the market is bullish (i.e., investors are optimistic about the future of the market). Conversely, if the 30d performance of most cryptocurrencies is negative, it may indicate that the market is bearish (i.e., investors are pessimistic about the future of the market).

It’s worth noting that the 30d metric is just one of many metrics that investors should consider when analyzing the performance of a cryptocurrency. Other metrics include the 24-hour performance, the 7d (7-day) performance, the market capitalization, the trading volume, and more.

In conclusion, the 30d metric is a useful tool for investors looking to track the performance of a cryptocurrency over time. It can help investors make informed decisions about when to buy or sell, and it can provide insight into the overall health of the cryptocurrency market. However, it’s important to remember that the 30d metric is just one piece of the puzzle, and investors should consider multiple metrics when making investment decisions.