Recency Bias

A type of cognitive bias, recency bias is when an individual puts more stock into events that have happened more recently when making an important trading decision. Cognitive biases in trading have become so crucial that the US Securities and Exchange Commission (SEC) has a dedicated staff department just for it. This is why individuals use strategies like grid trading — to remove cognitive biases from a trading strategy.

Key Takeaway

Recency bias is a cognitive bias that states a trader puts more importance on recent occurrences than past ones when making trading decisions.

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Circulating Supply

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TradFi

Traditional finance, or TradFi, is a conventional approach to financial activities that relies on established institutions, such as banks, insurance companies, investment companies, and stock exchanges.

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Collection Value

Collection Value is the aggregated monetary value of all the NFTs in a collection.

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NFT Sales Volume Index (7D)

The NFT Sales Volume Index (7D) shows the price and number of editions of a non-fungible token (NFT) collection sold over a 7-day (7D) period.

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Crypto Asset

Crypto assets are transferable digital representations of value made possible by cryptography and blockchain technology.

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24H Volume

24H Volume shows the number of a cryptocurrency’s tokens traded over a 24-hour time frame.

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7D

7D, short for seven days, refers to price data that has been collected for a cryptocurrency over a 7-day period.

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Floor Price

Floor Price is equal to the lowest-priced NFT in a collection.

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Gas (ETH)

Gas is the cost of a transaction on the Ethereum network.

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