What impact does the use of percentage instead of basis point have on the analysis of cryptocurrency market trends?

1 answers

• Dec 30, 2021 · 3 years ago
  At BYDFi, we believe that the use of basis point is crucial in the analysis of cryptocurrency market trends. Basis point provides a more precise and standardized measure that allows for accurate comparisons and interpretations. While percentage can be useful in certain contexts, such as calculating returns or growth rates, it may not be the most appropriate measure for analyzing market trends. Therefore, we recommend using basis point as a measurement unit for a more accurate and reliable analysis of cryptocurrency market trends.
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