What is the meaning of YTD in the context of cryptocurrencies?

1 answers

• Mar 29, 2022 · 3 years ago
  YTD, which stands for Year-to-Date, is a term used in the context of cryptocurrencies to measure the performance of a specific cryptocurrency from the start of the current year until the present date. It is a useful metric for investors and traders to assess the overall performance of a cryptocurrency over a specific time period. To calculate YTD, you need to take the current price of the cryptocurrency and divide it by the price at the beginning of the year. The resulting value is then subtracted by 1 and multiplied by 100 to obtain the percentage change. For example, if a cryptocurrency had a price of $100 at the beginning of the year and is currently valued at $150, the YTD return would be 50%. This metric helps investors gauge the performance of a cryptocurrency and make informed decisions based on its historical price movements.
  845423