Traders are flocking around Tezos USD, Avalanche, MaticNetwork USD and others; check out these cryptocurrency that are displaying higher than typical trading volumes.
What is happening with the market now? The leading indices are dropping — Bitcoin slipping 2.16% and closing at $23,921.
Why Trading Volume Matters
Trading volume is simply the total number of shares traded including both buy and sell orders. If a stock has appreciated on high volume, it is more likely to be a sustained move compared to an appreciation with low volume. Typically, high volume trading sessions are considered significant occurrences and closely watched by traders.
Though trading was down today, some cryptocurrency are currently at high volumes. Here is an update.
Tezos USD hit a significant low of $0.715 around a month ago, but has since recovered 70.65%. Registering some good gains for about a month now. Tezos continues a 9 day uptrend, gaining a total of 26.97%.
10 months ago AVAX reached a significant high of $99.74 but has consequently lost 78.94% since then. On a 9 day uptrend,
While on a 5 day slump, falling a total of 13.97%, Similar trend today: Polygon Matic drops from $1.38 to $1.33, losing $0.058 (4.18%) today.
— Average trading volume refers to a 21-day rolling average.