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April 20, 2023
Traders are flocking around Dogecoin, Litecoin, Ethereum and others; check out these cryptocurrency that are displaying higher than typical trading volumes.
A quick recap: The leading indices are slipping — Bitcoin trades at $28,645 after losing 0.57%.
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.
Approximately 11 months ago, Dogecoin reached a significant high of $0.153 but has struggled to hold onto its gains and declined 42.56% since then. While Dogecoin in the midst of a 3 day downtrend,
The past 6 months have been positive for LTC as it appreciated 88.5%, having traded as low as $43.3. On an upward trend for about a month now. LTC has a market cap of 6.58 billion with an average daily volume of 558.11 million.
Ether has gained 67.64% since its lowest print of $993.77 earlier this year. Registering some good gains for about a month now. ETH has been losing ground for 5 days
— Average trading volume refers to a 21-day rolling average.
