Traders are flocking around Bitcoin, Ethereum, Cosmos USD and others; check out these cryptocurrency that are displaying higher than typical trading volumes.
A short overview of the current market situation: Markets are up as
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 cryptocurrency have high volumes. Take a look.
Bitcoin has managed to gain 45.13% so far this year despite trading at lows around $15,759 previously. Bitcoin is on a 5 day uptrend, gaining a total of 22.85%.
ETH has gained 39.37% since its lowest print of $993.77 earlier this year. Ether is currently trading with a market cap of 203.65 billion with an average daily volume of 8 billion.
11 months ago Cosmos Atom reached a significant high of $31.97 but has consequently lost 61.06% since then. On a negative trend for around a month. Cosmos Atom has a market cap of 3.60 billion with an average daily volume of 134.51 million.
— Average trading volume refers to a 21-day rolling average.