30D refers to cryptocurrency data spanning a period of one month. 30D is an abbreviation for 30 days, which is used on trading platforms and cryptocurrency exchanges to depict data over the past 30 days.
This data may provide insight into trading info such as trends and market patterns, to help make long-term informed trading decisions.
Why is 30D DATA Important
Cryptocurrency traders, as with many other financial market traders, need historical data of an asset to be able to conduct an adequate and thorough analysis of the assets expected performance. Typically, analysing the history of certain metrics such as the opening and closing prices, trading volume and trends of a particular crypto asset over several 30 day periods represented in a candlestick will inform future performance of the asset.
Crypto traders may also choose to break down 30-day into smaller time frames (such as 24 hrs) to gain closer insights.
Other use cases of 30D Data
30 days data could also represent data that is collected from the business over a period of 30 days. The 30 days data can be analyzed to gain insight into the business trends and patterns. Many investors use this method when they are trying to find out how well a business is doing. Thirty days data is important because it is used to calculate trends in the company’s sales and can also help predict what will happen in the future for the company.