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February 26, 2023
The highest volumes today go to: Bitcoin Cash, Tezos USD, MaticNetwork USD.
A quick recap: Markets don't have a clear cut direction — Bitcoin trades at $23,155 with no major change.
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.
Bitcoin Cash is on a 6 day downtrend Today is looking a bit better: BCH trades at $133.07, after ending today at $133.08.
Tezos has fallen back around 70.39% from the significant high of $4.04 set 10 months ago. Trending positively for about a month. Tezos has been losing ground for 3 days, shedding a total of 9.46% of its value.
This year has been a bright one for Polygon Matic after trading as low as $0.345 and going on to appreciate by 58.85% year to date. On an upward trend for about a month now. Polygon Matic has a market cap of 10.88 billion with an average daily volume of 588.46 million.
— Average trading volume refers to a 21-day rolling average.
