4th September, 2024, Wyoming
Solana (SOL) is an emerging star in the world of cryptocurrencies. The latest milestone: its first implied volatility index on Volmex! If trading is your thing, this is massive.
Volmex is a platform that is focused on volatility related to cryptocurrency. It has launched an index that will measure the volatility of Solana’s price.
The big deal! Long-term and short-term embedded volatility is a tool that traders consider as the measure of future market outlook in terms of their fluctuations. Until now, such tools were common in traditional markets as Bitcoin and Ethereum. But now, Solana’s new index provides traders with trading approaches and insights for its traders.
This has unveiled a new landscape. Experience or newcomers in the trading business can make good decisions in trading shares by having volatility data. It is yet another indication that Solana is firmly setting its position among the best and most valuable cryptocurrencies. Hence, this may be beneficial for your investment portfolio.
With this, Solana remains in a position of being one of the most singular and novel blockchains out there in the market. If you are not following SOL now then I believe it is high time you should start doing so.
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