Markets edging higher with these 3 cryptocurrencies exhibiting stellar volumes

Traders are flocking around Ripple, Polkadot, EOS and others; check out these cryptocurrency that are displaying higher than typical trading volumes.

A quick recap: Markets are up as Bitcoin up to $21,782, gaining 0.26%.

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.

While trading was mostly up today, some cryptocurrency have high volumes. Take a look.

Ripple is now trading 54.96% below the significant high of $0.863 it set around 11 months ago. On a negative trend for around a month. XRP continues a 4 day surge, reaping a total of 6.65%.

Having set a significant high of $27.51 11 months ago, Polkadot is trading 79.63% lower. While in the midst of an 18 day downtrend,

While in the midst of a 6 day downtrend, Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. Currently trading at $1.13, EOS remains range-bound between $1.12 and $1.13.

— Average trading volume refers to a 21-day rolling average.