Why is it important to consider adjusted close instead of close in the world of cryptocurrencies?

3 answers

• Khalil IbrahimFeb 20, 2021 · 5 years ago
  The adjusted close price in the world of cryptocurrencies holds great importance due to its ability to reflect the true value of a cryptocurrency. Unlike the regular close price, the adjusted close price takes into account various factors such as stock splits, dividends, and other corporate actions that can impact the price of a cryptocurrency. By considering the adjusted close price, traders and investors can have a more accurate understanding of the performance and trends of a cryptocurrency, enabling them to make informed decisions.
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• Atasha SmithOct 19, 2021 · 4 years ago
  When it comes to cryptocurrencies, the adjusted close price is like a secret decoder ring that helps traders decipher the true value of a cryptocurrency. It takes into account all the hidden factors that can affect the price, such as corporate actions and market events. By relying on the adjusted close price instead of the regular close price, traders can avoid making decisions based on misleading information and have a clearer picture of the market.
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• IgnatiyJun 28, 2021 · 4 years ago
  In the world of cryptocurrencies, considering the adjusted close price instead of the regular close price is crucial for accurate analysis and decision-making. BYDFi, a leading cryptocurrency exchange, emphasizes the significance of adjusted close price as it provides a more comprehensive view of a cryptocurrency's performance. By factoring in stock splits, dividends, and other corporate actions, the adjusted close price offers a more reliable indicator of a cryptocurrency's true value, enabling traders to make more informed and profitable trades.
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