Comparing Hive Volatility In October & November, 2022

One of the characteristics of crypto is volatility. This is the bull and bear combination of an asset. It is quite good when an asset doesn’t have more of dip rate (volatile) like FTX but instead a pump.

This article will consider the dip rate of HIVE in its bear market.
Absolutely this is the best time to accumulate more HIVE as possible from an analyst point of view as a crypto enthusiast.

I shall consider the following subsections as they are relevant to this article. All images included are mine gotten from SPSS analysis.

HIVE Price dump rate

To calculate for the rate of dump in HIVE price, it is necessary to use mean price to determine for changes in month of October and November, 2022.

The mean price is the average price of HIVE for a month period. It estimates a single figure in form of decimal.

The mean price of HIVE in the month of October, 2022 is been seen below is $0.4892.

In the month of November – December 7, 2022 the mean price of HIVE was $0.3796.

However calculating for the dump rate can be estimated by using the formular below.

% change in HIVE price = Mean price for October – Mean price for November / mean price for October * 100

%∆ = $0.4892 - $0.3796 / 0.4892 * 100

∆ = 22.4%

In summary between the periods of October – November, 2022 there has been a decrease in the price of HIVE approximately 22%. This is a good indication as it calls for a BUYING time.
However crypto asset which could have a percentage decrease of 80% and above shows the asset isn’t a good one to invest for takeout profit.

Volatility Graph Of HIVE

The line graph shown below is that of HIVE price from November – December, 2022.

It can be seen that towards the right side of the graph, the price of HIVE attained the height of 50cents. Subsequent price during the period were lower than 50 cents.

To understand better of the price range, there will be a need to present the maximum and minimum price of HIVE during the period.

Minimum and maximum price of HIVE

The minimum and maximum price of HIVE for the duration of October – December 7, 2022 are given below.

Minimum price of HIVE was $0.3080

Maximum price of HIVE was $0.5037.
Detailed presentation of HIVE price will be discovered in the subsection below.

Boxplot of HIVE price

The boxplot presents a range of HIVE price within the considered duration of time.

However it can be seen that the points above are outliers or extreme price of HIVE. If there was a consideration of HIVE price from October, then there would have been less of outliers.
The outliers indicate that there has been a significant change in price which was after a pump.

Conclusion

This article presented the rate of dump in the price of HIVE from the period of October – December, 2022. It estimates the rate using mean price difference in the month of October and November – December. It is seen that during the range of period, the price of hive decrease 22% from its original.
Thanks for reading