Can APY and EAR be used to compare the returns of different cryptocurrencies?

1 answers

• Dec 15, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can confidently say that APY and EAR are valuable tools for comparing the returns of different cryptocurrencies. These metrics allow investors to evaluate the potential profitability of digital assets and make informed investment decisions. However, it's important to note that APY and EAR are not the only factors to consider when comparing cryptocurrencies. Factors such as market trends, project fundamentals, and risk appetite should also be taken into account. At BYDFi, we provide comprehensive analysis and insights into the performance of various cryptocurrencies, helping investors make informed decisions based on a holistic view of the market.
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