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May 17, 2023
The highest volumes today go to: Litecoin & Ripple.
Here's the most recent update: Markets don't have a clear cut direction — Bitcoin trades sideways at $27,080.
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.
The past 6 months have been positive for LTC as it appreciated 54.81%, having traded as low as $43.3. LTC has a market cap of 6.78 billion with an average daily volume of 510.26 million.
After closing today at $0.442, Ripple trades at $0.458 today after making its biggest single-day jump of $0.016 (3.72%) recently. XRP continues a 7 day uptrend, gaining a total of 8.76%. Consistent for now — XRP trades at $0.458 after gaining $0.016 (3.72%).
— Average trading volume refers to a 21-day rolling average.
