A coin can be moving a lot… but how do you know whether people are actually trading it?
That's where trading volume comes in. 👀
Volume is basically the amount of an asset that has been traded during a certain period.
High volume can mean there's a lot of activity and interest around a coin.
Low volume means fewer trades are happening.
But here's the important part: high volume doesn't automatically mean a coin is good, and low volume doesn't automatically mean it's bad.
It's just another piece of information to understand what's happening in the market. 📊
Crypto gets much easier when you stop looking at just the price.
#cryptoeducation #CryptoBasics #TradingVolume" #BinanceSquare #learncrypto
follow for more 👍
That's where trading volume comes in. 👀
Volume is basically the amount of an asset that has been traded during a certain period.
High volume can mean there's a lot of activity and interest around a coin.
Low volume means fewer trades are happening.
But here's the important part: high volume doesn't automatically mean a coin is good, and low volume doesn't automatically mean it's bad.
It's just another piece of information to understand what's happening in the market. 📊
Crypto gets much easier when you stop looking at just the price.
#cryptoeducation #CryptoBasics #TradingVolume" #BinanceSquare #learncrypto
follow for more 👍