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February 28, 2023
The highest volumes today go to: EOS, MaticNetwork USD, Ripple.
A quick recap: The leading indices are dropping — Bitcoin drawing back 0.88% to $23,300.
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.
Though trading was down today, some cryptocurrency are currently at high volumes. Here is an update.
EOS is up $0.034 to $1.16, building upon four consecutive days of gains. EOS has fallen back around 62.14% from the significant high of $3 set 10 months ago. EOS is currently trading with a market cap of 1.26 billion with an average daily volume of 142.00 million.
Polygon Matic has gained 60% since its lowest print of $0.345 earlier this year. Trending positively for about a month. In the last 11 days, Polygon Matic has lost a total of 20.97% of its value.
Having soared to a high of $0.863 approximately 10 months ago, Ripple is now trading 56.11% lower. Pointing downwards for around a month. Ripple has been losing ground for 13 days, shedding a total of 6.46% of its value.
— Average trading volume refers to a 21-day rolling average.
