What is the meaning of YoY in the cryptocurrency market?

1 answers

• ooeradasdJun 01, 2024 · a year ago
  YoY, which stands for Year-over-Year, is an important concept in the cryptocurrency market. It refers to the comparison of data from one year to the next, allowing investors and analysts to track the growth or decline of various metrics. For example, YoY analysis can be used to evaluate the price performance of a specific cryptocurrency over a 12-month period. By comparing the price at the beginning and end of the year, investors can assess the overall trend and volatility of the market. YoY is also used to analyze trading volumes, user adoption, and other key indicators in the cryptocurrency industry. It provides valuable insights into the long-term performance and potential of different cryptocurrencies and the market as a whole.
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