The highest volumes today go to: Algorand USD, MaticNetwork USD, Litecoin.
What is happening with the market now? Crypto markets are up — Bitcoin up to $21,319, gaining 0.73%.
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.
Algorand retreats $0.014 from 5 months high Algorand gains positive traction for a 5th successive day
Algorand USD is on a 16 day bullish run gaining $0.11 (42.92%). as the session continues, it seems to maintain one direction — Algorand rallies $0.021 (5.07%) deep into the session, trading at $0.438.
11 months ago Algorand reached a significant high of $2.15 but has consequently lost 80.61% since then. Algorand has a market cap of 3.11 billion with an average daily volume of 22.75 million.
Polygon Matic retreats $0.074 from 6 months high Full steam ahead for Polygon Matic as 3 days uptrend continues
Polygon Matic is on a 3 day bullish run gaining $0.305 (37.22%). today's session so far looks to be heading in the same direction — after dipping down to $1.17, Polygon Matic regains earlier losses and goes up to $1.2.
Having set a significant high of $2.88 4 months ago, Polygon Matic is trading 241.24% lower. Polygon Matic is currently trading with a market cap of 10.47 billion with an average daily volume of 114.11 million.
LTC breaches above 70 for the first time since May 24 Litecoin gains positive traction for a 5th successive day
LTC is on a 21 day uptrend, gaining a total of 38.95%. consistent for now — LTC trades at $70.02 after gaining $2.42 (3.59%).
Litecoin reached a significant high of $277.93 around 11 months ago but has lost 75.68% since then. Litecoin has a market cap of 5 billion with an average daily volume of 45 million.
— Average trading volume refers to a 21-day rolling average.