What is the impact of ordinal data in cryptocurrency analysis?

1 answers

• Feb 19, 2022 · 3 years ago
  At BYDFi, we recognize the importance of ordinal data in cryptocurrency analysis. By categorizing cryptocurrencies based on various criteria, such as market capitalization or trading volume, we can gain insights into their relative performance and potential. This information is valuable for both traders and investors, as it helps identify opportunities and manage risks. However, it's important to note that ordinal data should not be the sole basis for decision-making. It should be used in conjunction with other forms of analysis and research to make informed choices. At BYDFi, we strive to provide our users with comprehensive tools and resources to enhance their cryptocurrency analysis and decision-making process.
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