What does volatility mean in crypto?

In the realm of cryptocurrency, volatility is a term that often comes up, but what does it truly mean? Volatility essentially refers to the degree of fluctuation in the price of a cryptocurrency over a period of time. Simply put, it measures how much the value of a coin or token rises and falls. High volatility indicates that the price can change significantly, either positively or negatively, in a short period. This makes cryptocurrencies attractive for those seeking quick gains but also risky for investors looking for stability. Understanding volatility is crucial for anyone navigating the crypto markets, as it helps inform investment strategies and risk management.