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February 22, 2023
The highest volumes today go to: Tezos USD, Avalanche, Polkadot.
A quick recap: The leading indices were losing ground — Bitcoin slipping 2.75% and closing at $23,777.
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.
This year has been a bright one for Tezos after trading as low as $0.715 and going on to appreciate by 83.66% year to date. Registering some good gains for about a month now. The sentiment that generated $0.194 in cumulative gains over the past 9 days was further evident for Tezos.
Approximately 10 months ago, AVAX reached a significant high of $99.74 but has struggled to hold onto its gains and declined 78.94% since then.
10 months ago Polkadot reached a significant high of $27.51 but has consequently lost 73.65% since then. Trending positively for about a month. Polkadot has a market cap of 8 billion with an average daily volume of 255.69 million.
— Average trading volume refers to a 21-day rolling average.
