Markets edging higher with these 3 cryptocurrencies exhibiting stellar volumes

The highest volumes today go to: NEAR Protocol, Ethereum, Solana.

A quick recap: The leading indices are pointing up — Bitcoin goes up 0.95%, trading at $30,200.

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.

Over the past 11 months, NEAR has retreated 87.24% from a noteworthy peak of $17.45. Registering some good gains for about a month now. NEAR is on an 18 day uptrend —

ETH has gained 58.49% since its lowest print of $993.77 earlier this year. On an upward trend for about a month now. ETH is currently trading with a market cap of 238.32 billion with an average daily volume of 8.11 billion.

Approximately 11 months ago, SOL reached a significant high of $108.72 but has struggled to hold onto its gains and declined 78.06% since then. Trending positively for about a month. SOL is currently trading with a market cap of 9.43 billion with an average daily volume of 354.64 million.

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