What is cryptocurrency trading volume, and why does it matter?
Trading volume in cryptocurrency is an essential metric for assessing the health of a particular coin. When attempting to identify early-stage coins with a high chance of success, analysts will always examine their trading volumes along with other key metrics such as market capitalisation and circulating supply.
Check any coin on any given day and the trading volume will be different. If you click on the volume, it shows how much was traded on each exchange where the coin or token is listed. Over the last 24 hours, with BNB, the lion’s share of trading volume is unsurprisingly on Binance. But you’ll also see what the token has been traded with, for example BTC, ETH, and mainly USDT.
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#ETH #opbnb #crypto2023
Trading volume in cryptocurrency is an essential metric for assessing the health of a particular coin. When attempting to identify early-stage coins with a high chance of success, analysts will always examine their trading volumes along with other key metrics such as market capitalisation and circulating supply.
Check any coin on any given day and the trading volume will be different. If you click on the volume, it shows how much was traded on each exchange where the coin or token is listed. Over the last 24 hours, with BNB, the lion’s share of trading volume is unsurprisingly on Binance. But you’ll also see what the token has been traded with, for example BTC, ETH, and mainly USDT.
Follow me for more insights and trading strategies to help you stay on track
#ETH #opbnb #crypto2023