Topic: Does Trading Volume really matter ? - page 4. (Read 938 times)
Yes, obviously the volume matters alot for example if the market breaks its major resistance by a good volume that can be a bullish sign but if this happens with the low volume that must be a trap so this can work as an indicator to take positions in the market and volume = Market trust and the healthy market follows the Bull trend
For me it’s prime thing because that’s what executes my order without any further wait. In crypto space it is really important because the market is too volatile and you never know which coin might turn out to be disaster with no more volume to trade.
Unlike everyone has different opinions here I’m sure it’s personal taste for everyone whether to have more volume or no volume at all.
It is needed to determine whether that coin gets investors interest and we will know how active that coin is. Some maybe doing the dump and pump thing that’s why we will not just depend on it but also search about that coin itself, the team and maybe the reason why there is such volume in that coin. Volume is needed but we need still to analyze it since some projects are doing schemes to pump their projects and we will need to know if its volume is really woth having depending on that coin purpose use or event. Unlike everyone has different opinions here I’m sure it’s personal taste for everyone whether to have more volume or no volume at all.
For me it’s prime thing because that’s what executes my order without any further wait. In crypto space it is really important because the market is too volatile and you never know which coin might turn out to be disaster with no more volume to trade.
Unlike everyone has different opinions here I’m sure it’s personal taste for everyone whether to have more volume or no volume at all.
Unlike everyone has different opinions here I’m sure it’s personal taste for everyone whether to have more volume or no volume at all.
In the crypto trading market, volume activity is often used by investors and crypto traders as an instrument/indicator to measure liquidity, volume is not just for viewing, but in crypto trading volume has a formula to calculate how many crypto assets are traded and certain crypto assets are in circulation, broadly speaking this volume is the most important moment in crypto trading.
If you want to trade, of course trading activity is needed, to know all that, you must first understand the volume of activity in trading, so volume is an indispensable method of trading.
If you want to trade, of course trading activity is needed, to know all that, you must first understand the volume of activity in trading, so volume is an indispensable method of trading.
Trading Volume is one thing we look for when trading, bigger volume means there is an active trade happening on that particular coin. Though it was been a huge factor, however, it was not just to rely upon it knowing that sometimes it was been manipulated. Aside from looking at its trading volume, we also have to know more about the project just to assure that it was real, and of course, the platform we used. In trading, we need to be wise enough, we don't need to hurry or else, we just lose.
Maybe that's why some traders switch to some of the assets they trade. especially those who do day trading. Of course, paying attention to the trading volume is very important. Choosing assets for the long term may differ slightly from day trading assets. each exchange platform always provides information regarding the highest trading volume on the platform in 24 hours.indeed trading volume is not everything for the success of trades made. but it will be an important factor for traders to make their trading plans. the other factors you mention should also be considered.
I've only started noticing the Trading Volume stats on my favourite projects. I am a little intrigued as to what this exactly means, does it really matter much ? Some lesser known projects like Yield Yak have barely $4,000 in Trading Volume, yet the TVL is something like $50 million, whereas a better known project like Raydium has a Trading volume of more than $6 Million, with a TVL of only a little more than triple the TVL of Yield Yak ( $160 Million TVL )
I'm also surprised that some lesser known gaming projects like Vulcan Forged have a high trading volume , whereas others ( like Axie Infinity ) have a relatively low trading volume.
The way I interpret it right now ( correct me if I'm wrong ) is that trading volume is high when an ecosystem is very active and adoption is growing relative to other projects, so it's a good indicator to buy into that project.
I'm also surprised that some lesser known gaming projects like Vulcan Forged have a high trading volume , whereas others ( like Axie Infinity ) have a relatively low trading volume.
The way I interpret it right now ( correct me if I'm wrong ) is that trading volume is high when an ecosystem is very active and adoption is growing relative to other projects, so it's a good indicator to buy into that project.
- You know volume is important in crypto trading because that's where you can see if there are buyers for a coin or token on local exchanges such as Binance, kucoin, and others. Because if the volume is low, it means there are few buyers and you will have a hard time selling it.
But of course, be careful because some other coins or tokens can fake the volume. The only thing you need to be the basis for this matter is to always look at the coin first in coinmarketcap and coingecko so you can tell and know how much the volume of the token you are looking for and know.
Trading Volume is one thing we look for when trading, bigger volume means there is an active trade happening on that particular coin. Though it was been a huge factor, however, it was not just to rely upon it knowing that sometimes it was been manipulated. Aside from looking at its trading volume, we also have to know more about the project just to assure that it was real, and of course, the platform we used. In trading, we need to be wise enough, we don't need to hurry or else, we just lose.
My trading strategy incorporate volumes of price in many brokers combined together in a single indicator which I used in MT4 platform on my computer, my trading strategy ensured that both volume and prices move upward or downward at the same time however, whenever they move against or opposite to each other that opens up a trading opportunity for long or short coupled with some technical analysis and candlestick patterns based on my trading experience I knew where to pull the trigger, I totally agreed that volume of price is very important aspect of trading though some traders opinionated that their a lot of fake volume by some exchanges but it's better to rely on analysis of volumes of major exchanges.
The way I interpret it right now ( correct me if I'm wrong ) is that trading volume is high when an ecosystem is very active and adoption is growing relative to other projects, so it's a good indicator to buy into that project.
Well it goes beyond when an ecosystem is very active to when the statistics released are genuine. For me, I steer clear of projects with low trading volume because it shows less participation and trading activities going on with it. Price can stall in projects with low volume and it could take a while to sell off. Maximum token supply in relation to its price and trading volume is another thing worth looking into while investing in a project. trading volume is important to consider. but in less popular projects or even new projects. it is very difficult to be sure the trading volume is genuine or just a manipulation is done on the exchange.
from coinmarketcap data, PYR has a trading volume of $28m. while AXY has a trading volume of $40m.
I don't know where the OP got the data regarding the 2 game projects you're comparing.
Exchanges have a different volume most of the time, and some can really be manipulated so better to be careful with dealing on those volume. It's important but it can be deceiving most of the time, you should not rely only with the Volume, use other indicators and fundamental analysis to know if the project are really good and that volume can be more possible. Comparing the 2 projects with their volume might not be ideal on where to invest, better to look on their technology itself. from coinmarketcap data, PYR has a trading volume of $28m. while AXY has a trading volume of $40m.
I don't know where the OP got the data regarding the 2 game projects you're comparing.
I've only started noticing the Trading Volume stats on my favourite projects. I am a little intrigued as to what this exactly means, does it really matter much ? Some lesser known projects like Yield Yak have barely $4,000 in Trading Volume, yet the TVL is something like $50 million, whereas a better known project like Raydium has a Trading volume of more than $6 Million, with a TVL of only a little more than triple the TVL of Yield Yak ( $160 Million TVL )
I'm also surprised that some lesser known gaming projects like Vulcan Forged have a high trading volume , whereas others ( like Axie Infinity ) have a relatively low trading volume.
The way I interpret it right now ( correct me if I'm wrong ) is that trading volume is high when an ecosystem is very active and adoption is growing relative to other projects, so it's a good indicator to buy into that project.
I'm also surprised that some lesser known gaming projects like Vulcan Forged have a high trading volume , whereas others ( like Axie Infinity ) have a relatively low trading volume.
The way I interpret it right now ( correct me if I'm wrong ) is that trading volume is high when an ecosystem is very active and adoption is growing relative to other projects, so it's a good indicator to buy into that project.
Volume is so important for a token because it can also tell that many people believe on the project where as those tokens who only have less volume which we can say people dislike or doesn't like what they are seeing for that project. It also important if you trading it because you can exchange easily without a problem if the token have huge volume compare to those token doesn't have any volume where you need to wait for people to buy your sell order before your order will get filled.
I've only started noticing the Trading Volume stats on my favourite projects. I am a little intrigued as to what this exactly means, does it really matter much ? Some lesser known projects like Yield Yak have barely $4,000 in Trading Volume, yet the TVL is something like $50 million, whereas a better known project like Raydium has a Trading volume of more than $6 Million, with a TVL of only a little more than triple the TVL of Yield Yak ( $160 Million TVL )
I'm also surprised that some lesser known gaming projects like Vulcan Forged have a high trading volume , whereas others ( like Axie Infinity ) have a relatively low trading volume.
The way I interpret it right now ( correct me if I'm wrong ) is that trading volume is high when an ecosystem is very active and adoption is growing relative to other projects, so it's a good indicator to buy into that project.
I'm also surprised that some lesser known gaming projects like Vulcan Forged have a high trading volume , whereas others ( like Axie Infinity ) have a relatively low trading volume.
The way I interpret it right now ( correct me if I'm wrong ) is that trading volume is high when an ecosystem is very active and adoption is growing relative to other projects, so it's a good indicator to buy into that project.
You are surprised because you don't know that most of the trading volume you see on the exchanges or at coinmarketcap are fakes.
There are exchange bots trading for free and creating fake volume to lure more people on those pairs. If you don't forget this fact, you will understand that most of these coins are nothing but ponzi schemes trying to rip off the traders. Whatever million, billion dollars of trading volume you say has no meaning at all.
Stay away from those shitcoins and you will be fine.
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Volume, price, marketcap and any other thing that can easily to be manipulated are useless factor to determine a good project. Do you think all of the top 10 coins on CMC and Coingecko are legitimate projects? Nope, it's full of scam coins that only have a huge marketcap. A whale can just invest in one project to pump the coin to be appeared on the top 10 while the project is new and doesn't have any use case.
Make sure you're just stick with Bitcoin since the other project is sooner or later will turn to be scam or dead project.
Whales can invest in many projects because they have more money than others, so they can choose it easily and determine the amount themselves. The volume shows traders' interest in the project and uses it as an investment or trading tool.Make sure you're just stick with Bitcoin since the other project is sooner or later will turn to be scam or dead project.
And if they don't know which projects can be used as investment or trading tools, they can use bitcoin, which can provide huge profits in the future.
Volume, price, marketcap and any other thing that can easily to be manipulated are useless factor to determine a good project. Do you think all of the top 10 coins on CMC and Coingecko are legitimate projects? Nope, it's full of scam coins that only have a huge marketcap. A whale can just invest in one project to pump the coin to be appeared on the top 10 while the project is new and doesn't have any use case.
Make sure you're just stick with Bitcoin since the other project is sooner or later will turn to be scam or dead project.
Make sure you're just stick with Bitcoin since the other project is sooner or later will turn to be scam or dead project.
It could be. We will often notice that there are some tokens or projects that do not have relatively good value but that token has a lot of volume. This is not unusual. For this I think familiarity plays a key role. If we look at meme coins there is no utility but lots of volume. Because this is possible only with strong community. As the awareness of your project increases, at the same time you can see the large trading volume.
It is the amount of trading that would come into a particular asset that would show the amount of buying and selling of it, and it could indicate whether it has actual traders and people are interested in it. Depending on what trading indicator or specifically a parameter that you would come into conjunction with the trading volume, then you could probably utilize it. If it is not, it couldn’t be of any use, depending on your trading strategy and where you are successful.
I've only started noticing the Trading Volume stats on my favourite projects. I am a little intrigued as to what this exactly means, does it really matter much ? Some lesser known projects like Yield Yak have barely $4,000 in Trading Volume, yet the TVL is something like $50 million, whereas a better known project like Raydium has a Trading volume of more than $6 Million, with a TVL of only a little more than triple the TVL of Yield Yak ( $160 Million TVL )
I'm also surprised that some lesser known gaming projects like Vulcan Forged have a high trading volume , whereas others ( like Axie Infinity ) have a relatively low trading volume.
The way I interpret it right now ( correct me if I'm wrong ) is that trading volume is high when an ecosystem is very active and adoption is growing relative to other projects, so it's a good indicator to buy into that project.
Volume matters and a lot, but it is not an indicator that is easy to read, as we know exchanges and even the developers of some coins know this is an important metric and they decide to manipulate it to make the coin more attractive in the eyes of traders, so like always we need to be careful and not concentrate in this single metric to dictate our movements, try to look at the overall picture of a project and if everything looks fine, including the volume, then you can include it in the coins which you regularly trade. I'm also surprised that some lesser known gaming projects like Vulcan Forged have a high trading volume , whereas others ( like Axie Infinity ) have a relatively low trading volume.
The way I interpret it right now ( correct me if I'm wrong ) is that trading volume is high when an ecosystem is very active and adoption is growing relative to other projects, so it's a good indicator to buy into that project.
trading volume is important to consider. but in less popular projects or even new projects. it is very difficult to be sure the trading volume is genuine or just a manipulation is done on the exchange.
from coinmarketcap data, PYR has a trading volume of $28m. while AXY has a trading volume of $40m.
I don't know where the OP got the data regarding the 2 game projects you're comparing.
from coinmarketcap data, PYR has a trading volume of $28m. while AXY has a trading volume of $40m.
I don't know where the OP got the data regarding the 2 game projects you're comparing.
I don't also watch the trading volume upon buying BTC but this is because we know, it has demand, and it's the top coin to invest.
Choosing altcoins must be different. The trading volume must have something to do with how big the community is and the demand for the token.
What does it mean if the volume of BTC drops significantly while we are in the bear market?
Is it time to invest because it could mean the bottom or people lose interest anymore?
It depends — does it matter in what context? In the first place, trading volume is just data; it just depends how you're planning on interpreting it.
As for PYR and AXS, where are you getting your data? Based on CoinGecko, PYR has a 24h trading vol of $25m while AXS has a 24h trading vol of $43m.
As for PYR and AXS, where are you getting your data? Based on CoinGecko, PYR has a 24h trading vol of $25m while AXS has a 24h trading vol of $43m.
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