Drift Protocol Price on December 6, 2024

DRIFT Crypto  USD 1.30  0.01  0.76%   
If you're considering investing in Drift Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Drift Protocol stands at 1.30, as last reported on the 13th of December 2024, with the highest price reaching 1.31 and the lowest price hitting 1.30 during the day. Drift Protocol is abnormally risky given 3 months investment horizon. Drift protocol secures Sharpe Ratio (or Efficiency) of 0.1, which denotes digital coin had a 0.1% return per unit of risk over the last 3 months. We were able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.6% are justified by taking the suggested risk. Use Drift Protocol Downside Deviation of 9.94, mean deviation of 9.52, and Coefficient Of Variation of 960.34 to evaluate coin specific risk that cannot be diversified away.
  
Drift Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1039

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Estimated Market Risk

 24.97
  actual daily
96
96% of assets are less volatile

Expected Return

 2.6
  actual daily
51
51% of assets have lower returns

Risk-Adjusted Return

 0.1
  actual daily
8
92% of assets perform better
Based on monthly moving average Drift Protocol is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Drift Protocol by adding it to a well-diversified portfolio.

Drift Protocol Valuation on December 6, 2024

It is possible to determine the worth of Drift Protocol on a given historical date. On December 6, 2024 Drift was worth 1.7 at the beginning of the trading date compared to the closed value of 1.65. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Drift Protocol crypto coin. Still, in general, we apply an absolute valuation method to find Drift Protocol's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Drift Protocol where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Drift Protocol's related companies.
 Open High Low Close Volume
  1.60    2.00    1.60    1.70    4,570,598  
12/06/2024
  1.70    1.70    1.63    1.65    195,473  
  1.31    1.38    1.12    1.22    336,585  
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Open Value
1.7
1.65
Closing Value
76.60
Upside

Drift Protocol Trading Date Momentum on December 6, 2024

On December 09 2024 Drift protocol was traded for  1.22  at the closing time. The highest price during the trading period was 1.38  and the lowest recorded bid was listed for  1.12 . The volume for the day was 336.6 K. This history from December 9, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 26.06% . The overall trading delta to the current price is 21.21% .

About Drift Protocol Crypto Coin history

Drift Protocol investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Drift is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Drift protocol will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market.

Drift Protocol Crypto Coin Technical Analysis

Drift Protocol technical crypto coin analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, crypto market cycles, or different charting patterns.
A focus of Drift Protocol technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Drift Protocol trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Drift Protocol Period Price Range

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Drift Protocol December 13, 2024 Market Strength

Market strength indicators help investors to evaluate how Drift Protocol crypto coin reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Drift Protocol shares will generate the highest return on investment.

Drift Protocol Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Drift Protocol's price direction in advance. Along with the technical and fundamental analysis of Drift Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Drift to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether Drift protocol offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Drift Protocol's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Drift Protocol Crypto.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Drift protocol. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in estimate.
You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Please note, there is a significant difference between Drift Protocol's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Drift Protocol value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Drift Protocol's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.