| 
June 23, 2023Traders are flocking around Bitcoin Cash, EOS, Bitcoin and others; check out these cryptocurrency that are displaying higher than typical trading volumes.
A short overview of the current market situation: Markets are up as
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.
This year has been a bright one for BCH after trading as low as $88.95 and going on to appreciate by 40.7% year to date. The sentiment that generated $32.15 in cumulative gains over the past 10 days was further evident for Bitcoin Cash.
EOS is up $0.011 to $0.691, building upon six consecutive days of gains. EOS has recovered 8.64% since descending to a significant low of $0.626 around 6 days ago. On a negative trend for around 2 months. EOS is currently trading with a market cap of 756 million with an average daily volume of 135.94 million.
Bitcoin has gained 82.78% since its lowest print of $15,759 earlier this year. The sentiment that generated $4,794.2 in cumulative gains over the past 10 days was further evident for Bitcoin.
— Average trading volume refers to a 21-day rolling average.
