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What volume means in Crypto?

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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Moreover, does crypto have volume?

Along with circulating supply and market capitalization, volume is one of the most prominent metrics in crypto.

Similarly one may ask, 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.

Keeping this in consideration, which Crypto has the most volume?

BTC

#Coin24h Volume
1BTC$61,431,969,588
2ETH$33,895,106,535
4XRP$29,312,873,350
9LTC$11,654,090,083

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.

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.

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.

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.

Why is volume important in Cryptocurrency?

Volume means how much of that cryptocurrency got traded. It is important because it tells you how easily you can buy or sell that cryptocurrency. The higher the volume, the easier it is for you to trade it off. ... Low volume means low liquidity.

How does Cryptocurrency value increase?

Like any currency, cryptocurrencies gain their value based on the scale of community involvement (like the user demand, scarcity or coin's utility). ... Let us make a general overview of what makes cryptocurrencies valuable. Coin's Utility. To make a cryptocurrency valuable one needs to make it utile.

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)

What does low volume mean Crypto?

Low volume means that the trading volume is below 3 BTC in the past 24 hours. Cryptocurrencies that have a low volume will have a lower ranking. Also, knowing a coin's trading volume can help you decide whether it's a good idea or not to invest in this cryptocurrency.

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 today?

  • These are seven of the best cryptos on the market. It has been over a decade since the mysterious Satoshi Nakamoto created Bitcoin, the first and by far most popular form of cryptocurrency in the world. ...
  • Bitcoin (BTC) ...
  • Bitcoin Cash (BCH) ...
  • Cosmos (ATOM) ...
  • Dogecoin (DOGE) ...
  • Ethereum (ETH) ...
  • Compound (COMP) ...
  • Polkadot (DOT)

What is best crypto app?

Best Crypto Tracker: Delta

Supported on both iOS and Android, the Delta Crypto app is the best tracker for your bitcoin and other cryptocurrencies. The app is free and allows you to track over 7000 altcoins. You'll be able to see coin prices and market charts in the currency of your choice.

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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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