On the biggest-percentage-gainers list, CP is up 13%%—not the most ferocious. What’s really wild is the trading volume: in the past 24 hours it churned through $80 million, but the market cap is only $32 million. That’s like changing hands almost two and a half times in a single day.
With turnover that fast, either something big is really going on—or the chips are being flipped back and forth. I still don’t really understand what this coin is specifically for. Anyway, it’s the most aggressively traded coin on today’s percentage-gainers list.
It makes my fingers itch. I thought it over for a while, but I decided against it. In a setup like this, profits and losses come with quick in-and-out trading—if I’m late to react and jump in, then I’m just handing over food to be served to others.
With turnover that fast, either something big is really going on—or the chips are being flipped back and forth. I still don’t really understand what this coin is specifically for. Anyway, it’s the most aggressively traded coin on today’s percentage-gainers list.
It makes my fingers itch. I thought it over for a while, but I decided against it. In a setup like this, profits and losses come with quick in-and-out trading—if I’m late to react and jump in, then I’m just handing over food to be served to others.