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April 18, 2023
The highest volumes today go to: Dogecoin, Avalanche, Binance Coin.
What is happening with the market now? Markets are currently flat. Bitcoin is relatively flat, trades at $29,477.
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.
After six days of gains, it is down 0.48% today. Dogecoin has managed to gain 30.88% so far this year despite trading at lows around $0.053 previously. Dogecoin is currently trading with a market cap of 12.65 billion with an average daily volume of 971.54 million.
Avalanche is now trading 74.1% below the significant high of $79.22 it set around 11 months ago. On an upward trend for about a month now. Keeping up its 23 days of climbing (+$4.04),
While BNB is on a 15 day uptrend Today's session might suggest a slow down — Binance Coin is now trading at $340.11 after tracing out a steady $337.86 – $340.62 range today.
— Average trading volume refers to a 21-day rolling average.
