ranking correlates with coin 24 hours www.coin24hours.com, 24 hour prices are fetched from their free api.
Topic: What does volume 24 hour actually depicting on coinmarketcap and other exchanges (Read 343 times)
February 17, 2018, 12:01:42 AM
August 31, 2017, 12:13:05 PM
what does volume 24 hour actually depicts on exchanges . Whats is significance of volume of 24hour. What is it .
24 hour volume is the number of buying and selling transactions in the last 24 hours. I think that's important, because I can see how many coins are traded and how many assets are spinning in that market. The greater the volume the more enthusiasts and traders in the market.
August 30, 2017, 01:43:49 PM
what does volume 24 hour actually depicts on exchanges . Whats is significance of volume of 24hour. What is it .
It's how many of the coin, security, etc were traded on that exchange in the last 24 hours; you can also often find volume measures for shorter time periods, depending on the tools you're using to present the data. As the previous answer said, it's used as an indicator for how strong a price trend is; for example, with OKCoin's 24-hour volume of roughly 400 BTC, it's not a very reliable price tracker for the overall price of BTC. Its 24-hour volume of 1.6 million BTC weekly futures means that's a much more reliable measure, though of course futures are not entirely a measure of the current price but also of expectations for the trend.
August 30, 2017, 01:37:18 PM
What's not to get? It's just the amount of money, measured in either BTC or in fiat, that has been traded in that trading pair, cryptocurrency or exchange in the last 24 hours.
In future, try wording your question properly and don't use annoying colours.
sorry , am not satisfied with Your answer. What is the significance of volume
Volume is sometimes used as a technical indicator which suggests the strength of a price move. If the volume is higher, it means that the price move is stronger as more money has the bearish or bullish sentiment of the market, while a lower volume suggests the opposite.In future, try wording your question properly and don't use annoying colours.
i dont think colour matters
By the way thank your for reply.
August 30, 2017, 01:24:33 PM
What's not to get? It's just the amount of money, measured in either BTC or in fiat, that has been traded in that trading pair, cryptocurrency or exchange in the last 24 hours.
In future, try wording your question properly and don't use annoying colours.
What is the significance of volume
Volume is sometimes used as a technical indicator which suggests the strength of a price move. If the volume is higher, it means that the price move is stronger as more money has the bearish or bullish sentiment of the market, while a lower volume suggests the opposite.In future, try wording your question properly and don't use annoying colours.
August 30, 2017, 09:06:03 AM
what does volume 24 hour actually depicts on exchanges . Whats is significance of volume of 24hour. What is it .
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