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TagsWhat are the advantages of using benchmark fractions to compare different cryptocurrencies?
Irina.qaMar 06, 2022 · 3 years ago3 answersWhy is it beneficial to use benchmark fractions when comparing different cryptocurrencies?
3 answers
- Benchmark fractions provide a standardized way to compare the value of different cryptocurrencies. By using a common benchmark, investors can easily assess the performance of various cryptocurrencies and make informed decisions. This helps to eliminate the confusion caused by the wide range of prices and market caps in the cryptocurrency market.Mar 06, 2022 · 3 years ago
- Using benchmark fractions allows for a more accurate comparison between cryptocurrencies. Instead of relying solely on the price or market cap, benchmark fractions provide a relative measure of value. This can be particularly useful when comparing cryptocurrencies with different supply levels or market dynamics.Mar 06, 2022 · 3 years ago
- Benchmark fractions are a valuable tool for investors looking to diversify their cryptocurrency portfolio. By comparing the performance of different cryptocurrencies using benchmark fractions, investors can identify opportunities for diversification and risk management. This can help to reduce the overall volatility and risk associated with investing in cryptocurrencies.Mar 06, 2022 · 3 years ago
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