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March 06, 2023
The highest volumes today go to: EOS and Ripple.
Here's the most recent update: Markets don't have a clear cut direction — Bitcoin holds at $22,400.
Why trading volume matters?
Trading volume is simply the total number of shares traded including both buy and sell orders. If a stock has appreciated on high volume, it is more likely to be a sustained move compared to an appreciation with low volume. Typically, high volume trading sessions are considered significant occurrences and closely watched by traders.
While trading was mostly flat today, some cryptocurrency are at high volumes. Check them out.
This year has been a bright one for EOS after trading as low as $0.822 and going on to appreciate by 37.39% year to date. EOS has been losing ground for 3 days, shedding a total of 6.13% of its value.
11 months ago Ripple reached a significant high of $0.863 but has consequently lost 57.48% since then. Pointing downwards for around a month. While on a 19 day downtrend, dropping a total of 9.34%,
— Average trading volume refers to a 21-day rolling average.
