What does 'rango' mean in the context of cryptocurrency?

3 answers

• Anand DasMay 17, 2023 · 2 years ago
  Rango is a slang term used in the cryptocurrency community to refer to the price volatility of a particular cryptocurrency. It is derived from the word 'range' and signifies the range of price fluctuations that a cryptocurrency experiences over a given period of time. For example, if a cryptocurrency has a high rango, it means that its price is highly volatile and can experience significant price swings. On the other hand, a low rango indicates that the price is relatively stable and does not fluctuate much.
  513

  257
• Moe Min OoDec 28, 2023 · 2 years ago
  In cryptocurrency jargon, 'rango' is a term used to describe the price range within which a particular cryptocurrency trades. It refers to the difference between the highest and lowest prices that a cryptocurrency has reached during a specific time period. Traders and investors often use rango as a measure of price volatility and risk. A cryptocurrency with a wide rango is considered more volatile and risky, while a narrow rango suggests stability and lower risk.
  467

  156
• SIDESH S AI-DSApr 09, 2023 · 2 years ago
  BYDFi, a leading cryptocurrency exchange, defines 'rango' as the range of price movements that a cryptocurrency exhibits. It is an important metric used by traders and investors to assess the volatility and potential profitability of a cryptocurrency. A high rango indicates that the price of a cryptocurrency can experience significant fluctuations, providing opportunities for profit. Conversely, a low rango suggests that the price is relatively stable and may not offer as much profit potential. Understanding the rango of a cryptocurrency is crucial for making informed trading decisions.
  593

  149