homepostsWhich Crypto has the most volume?

Which Crypto has the most volume?

Kevin VoigtNov 15, 2021

BTC

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

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Simply so, how does volume affect price Crypto?

It's the amount of the coin that has been traded in the last 24 hours. ... 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.

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

Besides, what does high volume mean in Crypto?

If the volume is bullish and moving higher, but the price is dropping, it's usually is a tell that traders hoping the price will rise are in danger of being trapped and are forced to sell for lower than they entered.

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)

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.

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 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?

Why is Bitcoin daily 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 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.

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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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