What does it mean when you click on a token say, OMG, and underneath there is a red(or green) BTC price or ETH price? So for instance right now OMG is at $7.76ish and “-7.62”, which I understand that, but under that is a “0.00168521 BTC (-10.84%) BTC” and “0.02524400 ETH (-6.54%)”
Does that mean it is worth -10.84% LESS than BTC and one would lose money by trading BTC for OMG, at the moment? Same for the “ETH negative amount”.(?)
I have yet to find a good solid explanation of this. Should you trade when its negative or red – BTC/ETH or trade when its green BTC/ETH?
Thank you for your time,
The colour of the percentages indicates whether price has increased (green) or decreased (red) by that percentage over 24 hours. So if I’m looking at CoinMarketCap.com home page right now, I see Bitcoin has a green 5.84% next to the graph. This means BTC is 5.84% higher than it was yesterday at this time. If I look at Ethereum, I see a red -6.73%, indicating that ETH is now 6.73% lower than it was yesterday at this time.
Note that these percentage changes are in relation to the coin’s USD price, which is displayed in the Price column.