What Is Best Performing Coin?
Best performing coin is the coin that had the highest price increase in the most recent 1 Day candle compared to the previous 1 Day candle as per TradingView. This is by definition always 1 specific coin. 24h later this will most likely be another coin.
Time Zone Considerations
One important thing to note is that, when discussing best performing coin, especially in the context of the most recent 1 Day candle, it's crucial to understand that Candles are time zone independent. This means that regardless of where you are in the world, the data represented by a 1 Day candle remains consistent, ensuring a uniform frame of reference for traders globally.
Conclusion
The best performing coin provides a snapshot of the market's current momentum and direction. While it is a useful metric, it's vital for traders to use it in conjunction with other tools and research to make informed decisions.
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