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June 10, 2023
The highest volumes today go to: Cardano, EOS, MaticNetwork USD.
What is happening with the market now? The leading indices are slipping — Bitcoin trades at $25,668 after losing 3.09%.
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.
Having set a significant high of $0.58 a year ago, Cardano is trading 49.11% lower. Pointing downwards for around a month. While on a 14 day slump, falling a total of 34.88%,
EOS reached a significant high of $1.84 around 9 months ago but has lost 51.28% since then. Trending downwards for around a month. While on a 3 day downtrend, dropping a total of 24.29%,
Polygon Matic reached a significant high of $1.54 around 3 months ago but has lost 52.95% since then. On a negative trend for around 3 months. Polygon Matic is currently trading with a market cap of 5.26 billion with an average daily volume of 289.56 million.
— Average trading volume refers to a 21-day rolling average.
