The highest volumes today go to: Litecoin, Dogecoin, Binance Coin.
A short overview of the current market situation: Crypto markets are up — Bitcoin up 1.74%, trading at $16,500.
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.
While trading was mostly up today, some cryptocurrencies have high volumes. Take a look.
Litecoin cryptocurrency trades up $2.84, approximately 3.84% higher this afternoon
Tentatively higher from an earlier low of $73.68, Litecoin is up to $76.76 today, adding $2.84, or 3.84%, to today's closing price of $73.91.
DOGE cryptocurrency trades up $0.008, approximately 8.42% higher this afternoon Dogecoin breaches above $0.1 for the first time since Nov 8
Dogecoin trades at $0.103 after gaining $0.008 (8.42%).
The past 3 months have been positive for Dogecoin as it added 52% compared to its 3-month low of $0.053. DOGE has a market cap of 13.68 billion with an average daily volume of 266.14 million.
BNB cryptocurrency trades up $11.56, approximately 3.94% higher this afternoon
Tentatively higher from an earlier low of $290.05, Binance Coin is up to $304.81 today, adding $11.56, or 3.94%, to today's closing price of $293.25.
BNB reached a significant high of $648.25 around 11 months ago but has lost 54.76% since then. BNB is currently trading with a market cap of 48.76 billion with an average daily volume of 223.17 million.
— Average trading volume refers to a 21-day rolling average.