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June 15, 2023
Traders are flocking around UNICORN Token USD, Tezos USD, MaticNetwork USD and others; check out these cryptocurrency that are displaying higher than typical trading volumes.
What is happening with the market now? The leading indices are showing gains — Bitcoin goes up 1.98%, trading at $25,600.
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.
UNICORN Token USD hit a significant low of $0 around 4 months ago, but has since recovered 1,836,446%. Trending positively for about 3 months. Uniswap has a market cap of 2.58 billion with an average daily volume of 14 million.
Tezos has shed 36.44% over the past three months. Pointing downwards for around 2 months. Having lost $0.208 over 18 days,
Polygon Matic reached a significant high of $1.54 around 3 months ago but has lost 59.94% since then. On a negative trend for around 3 months. Polygon Matic is currently trading with a market cap of 5.58 billion with an average daily volume of 370.54 million.
— Average trading volume refers to a 21-day rolling average.
