BitShares Forum

Main => General Discussion => Topic started by: monsterer on April 07, 2015, 07:42:51 pm

Title: Why is ripple's chart so smooth?
Post by: monsterer on April 07, 2015, 07:42:51 pm

This has been bugging me for a while, ripple's price chart on CMC is always really smooth compared to the other coins. Why?

(http://i.imgur.com/ngV42Xn.jpg)

Title: Re: Why is ripple's chart so smooth?
Post by: Ander on April 07, 2015, 09:00:59 pm

Its because the price is taken from ripplecharts.com, which averages together the ripple price against many different currencies: BTC, USD, CNY, etc. 

The averaging means that when a trade occurs an it moves in one pairing, the average price still doesnt move all that much, so moves occur more smoothly. 

Compare to bitshares, where a price move on btc38 makes the price listed on CMC jump around up or down.