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April 15, 2023
Traders are flocking around Cardano, NEAR Protocol, Binance Coin and others; check out these cryptocurrency that are displaying higher than typical trading volumes.
Here's the most recent update: The leading indices are currently lower — Bitcoin trades at $30,323 after losing 0.46%.
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.
Cardano has recovered 79.38% since descending to a significant low of $0.244 around 3 months ago. Registering some good gains for about a month now. ADA is currently trading with a market cap of 15.78 billion with an average daily volume of 366.80 million.
NEAR continues a 20 day uptrend, gaining a total of 25.29%. As the session continues, it seems to maintain one direction — tentatively higher from an earlier low of $2.18, NEAR Protocol is up to $2.31 today, adding $0.087, or 3.93%, to today's closing price of $2.22.
This year has been a bright one for Binance Coin after trading as low as $196.72 and going on to appreciate by 34.55% year to date. Trending positively for about a month. 12 days and $19.94 of gains were not enough.
— Average trading volume refers to a 21-day rolling average.
