Price change 30d
30-day crypto price performance, monthly view
The price variation over 30 days allows us to discern a sustainable trend.
A slight but steady increase inspires confidence in investors.
A slight but steady decline is often due to the distribution of vesting, which leads to selling pressure (see the Tokenomics section).
A sharp rise in the price over 30 days can cause the pendulum effect often seen in backtests: investors take their profits and look for other cryptocurrencies that have not yet exploded. In this case, it is more advantageous to sell than to buy, or at least to place a stop loss on the portion you are willing to sell.
A sharp drop in price over 30 days is often due to a competing project gaining market share thanks to better features or tokenomics. It is then advisable to study projects that fit the same narrative in order to determine which one is the most interesting.
Source: coingecko.com. Clicking on the figure takes you to the chart on CoinGecko.