homepostsWhat is volume in Cryptocurrency?

What is volume in Cryptocurrency?

Kevin VoigtNov 15, 2021

The volume of a particular Cryptocurrency found on a Coin Prices Index page is simply the total amount of coins traded in the last 24 hours. The volume of a coin seen on a particular Exchange is the total volume of this coin in this Exchange only, unless it says otherwise.

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Besides, what does high volume mean in Crypto?

Essentially, volume underscores how many people are buying and selling the coin. If the price of Bitcoin goes up and it shows a hefty volume, that tells us lots of people are making moves. Thus, it will likely keep going up.

Keeping this in consideration, is high volume good for Crypto? That doesn't mean a panic seller won't trigger your buy order on a low-volume exchange, but more often than not, your best bet is to be on a high-volume exchange with a reasonably placed buy order. So high volume allows for easier inter-conversion between different cryptocurrencies, fiat money, and other assets.

Also to know is, which Crypto has most volume?

Highest Voume

NameReported Vol.Circ. Supply
BitcoinBTC$54,713,715,19618.71M
EthereumETH$38,663,150,067115.89M
XRPXRP$15,690,823,24035.11B
CardanoADA$12,785,387,94931.95B

Why is Bitcoin volume so high?

Generally, Bitcoin's tremendous trading volume indicates that the asset is competing against established companies like Apple and Alphabet. As a result, most crypto advocates consider Bitcoin as a haven and it can remain stable during a stock market meltdown.

Is Cryptocurrency legal?

Cryptocurrencies, digital currencies, and cryptocurrency exchanges are legal in Australia, and the country has been progressive in its implementation of cryptocurrency regulations.

Why is Bitcoin volume so low?

Bitcoin's extended bout of sideways trading has caused the cryptocurrency to see historically low volatility levels. In the past, bouts with volatility this low tend to be followed by massive movements that set the tone for which direction the cryptocurrency will trend in the days and weeks ahead.

How do you read volume on Crypto?

Is high volume good for a stock?

High Volume: Generally good stocks have high volume, which reduces liquidity risk. More people are trading these stocks indicate more people want them in their portfolio.

Does volume matter in Crypto?

Volume is arguably the most important metric for a cryptocurrency, because of the amount of ways it can be broken down. From volume, you can infer the direction and movements of a coin. ... You can also examine which exchanges had what volume. This matters because exchanges frequently have different prices.

Which Bitcoin exchange has the most volume?

Top Cryptocurrency Spot Exchanges

#NameVolume(24h)
1Binance 1$65,979,753,647 43.83%
2Coinbase Pro 2$11,239,536,216 53.79%
3Huobi Global 3$20,838,755,040 52.1%
4Kraken 4$4,248,337,878 74.74%

Which coins have the lowest supply?

These are just a few of many coins that operate on a limited supply:

  • Dash (18.9 million)
  • IOTA (2.8 billion)
  • Zcash (21 million)
  • EOS (1 billion)
  • AntShares-NEO (100 million)
  • BitShares (100 million)
  • Stem (250 million)
  • Veritaseum (100 million)

Why is Binance banned in the US?

Binance said in an earlier statement Thursday that it blocks U.S. residents from its website and uses advanced technology to analyze deposits and withdrawals for signs of illicit transactions. Binance takes its compliance obligations “very seriously,” the company said. The CFTC declined to comment.

Which crypto to buy right now?

We've factored this into our consideration, but there are other reasons why a digital token may be included in the list, as well.

  • Ethereum (ETH) ...
  • Litecoin (LTC) ...
  • Cardano (ADA) ...
  • Polkadot (DOT) ...
  • Bitcoin Cash (BCH) ...
  • Stellar (XLM) ...
  • Chainlink. ...
  • Binance Coin (BNB)

What is 24 hour volume crypto?

A cryptocurrency's trading volume is the number of coins that have exchanged hands during a defined period of time, usually 24 hours. In other words, the 24-hour trading volume of a cryptocurrency is how much value of a coin has been bought and sold over the course of a day.

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About The Author

Kevin Voigt

Kevin is an Entrepreneur, Digital Nomad, Student, and ICO Marketing Manager currently based in Berlin & Champaign. He is actively involved in the Blockchain space and has worked in numerous projects in the Silicon Valley since 2017. His interests revolve around Finance, Consulting, and Blockchain Research.

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