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What does price volatility mean?

“It is said that cryptocurrency has high volatility because of the way [the price of a cryptocurrency] increases and decreases at steep rates over time.”

Volatility is a measure of how much the price of a cryptocurrency has changed over a set time period, which helps assess the amount of price movement you can expect to see in a future period.

Assets that have high levels of volatility are often considered to be risky. However, you can also benefit from volatility. Thus, it is important to buy and support crypto projects with eyes wide open; that is, know what amount of movement to expect in a cryptocurrency’s price.