The post Nvidia Expected To See More Significant Price Swings Than Bitcoin and Ether appeared first on Coinpedia Fintech News
Nasdaq-listed Nvidia, lauded by Goldman Sachs as the world’s most important stock this year, is expected to see more significant price swings than crypto market leaders Bitcoin and ether. NVDA’s 30-day options implied volatility, a gauge of anticipated price swings over four weeks, has recently surged from an annualized 48% to 71%. NVDA has emerged as a barometer of sentiment for both equity and crypto markets since the debut of ChatGPT in late 2022. Both bitcoin and NVDA bottomed out in late 2022 and have since exhibited a strong positive correlation.