Analysis: Impressive Gains of Eternal and Ripple leave Bitcoin in the Dust

Recently, most crypto investors have been complaining about Bitcoin's poor Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term. However, once one looks past the largest coins in the rankings, some exciting trading opportunities are to be found. This week, one of them already gained over 700 percent in value.

The token in question is Eternal Token (XET). Between September 20-26, the price of Eternal skyrocketed by 736.69 percent, earning it the title of the top gainer in the past seven days. Universal Cash came in second place with a gain of 370.37 percent. All coins among the Top 5 Gainers registered an increase of more than 150 percent in the past seven days.

XET was created for a specific reason. The token can be exchanged with Eternal Coin (XEC) at a 1:10 ratio. Since XEC can only be traded and acquired via authorized exchanges, XET opens up the possibility to make it tradable with various currencies on global exchanges. The Eternal project was created by Tokyo-based Atom Solutions.

The increase in the price of the Eternal token was followed by strong growth in trading volume. Just in the last 24 hours more, than $1,360 million was traded. The rest of the coins among the top 5 gainers had a 24h volume no bigger than $200,000.

Better Than Others

Eternal's gains look even more impressive when compared with the performance of the price of Bitcoin (BTC) and that of Ripple (XRP). Ripple is one of the best performing „big” currencies recently. However even its 50 percent gain this week looks pale in comparison to Eternal token's performance.

The Relative Performance Benchmark is a proprietary index of the Finance Magnates Intelligence Department. It measures the relative strength of three Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term in the given period. The initial value of the benchmark in the given period of time is 1 point.

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