Pumped up by volume? 5 crypto assets that traders loved this month (and their...
Trading volume in crypto markets can be a key indicator of price volatility — but is there a direct correlation that traders can use to help inform their investment decisions? Trading volume — the amount of an asset that changed hands over a given period — is one of the key metrics that investors use to track price trends and assess the market outlook for a specific coin in terms of liquidity and trader activity.The ranking below zooms in on the fortunes of five coins that have had the greatest increase in average daily trade volume this month compared to the month before. Most of them —....
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Unusually high trading volume can be an indication that a crypto asset's price is on the rise. While the crypto markets are clearly led by the swings of Bitcoin and Ethereum, outliers are frequent — and identifying them is often what separates the average traders from the great ones.Compared to the gains-fest of the first few months of 2021, June has been a rather bleak time for crypto investors. Digital asset prices were mostly stagnant and massive rallies were rare, leaving traders to do the hard guesswork: Which asset will do better than most others that are either going down or moving....
Data shows that a spike in Twitter mentions preceded massive price rallies in at least five altcoins. When crypto traders win big, they often take to Twitter to share the joy. They tend to do the same for sharing painful stories of getting wrecked, discussing promising new assets, or sharing insight and predictions on which projects can become the next big thing. Sometimes these waves of social attention can even create positive feedback loops whereby the tokens that command the chatter see their prices soar precisely for that reason.The volume of tweets referencing a particular asset can....
In some cases, unusually high tweet volume can signal that an asset is about to soar, but traders should mind the context. On Crypto Twitter, a surge of attention directed at a coin often comes in response to dramatic price action. Quite naturally, rallying assets attract the attention of traders and take over Twitter conversations, which can also create positive feedback loops that further prop up the momentum.This is exactly what happened with some of the coins that saw a greater increase in average daily tweet volume this month, compared with the last. KuCoin Shares (KCS), which went up....
Christmas, New Year’s Eve, or any other occasion when it is a time for giving and showing that you care, most of us try to be thoughtful and give the gift that stands out. Gifting is not only an act of kindness; it is also an art that takes into consideration not only everything we know about the people who matter to us but also the current circumstances that might affect them. With the increased interest in Bitcoin, the Crypto Voucher gift card is the gift that you should think of. Bitcoin Gift Card, the Gift of the Year 2020 was not an easy year for most people due to the health....
2021 is coming to an end and the new year is just around the corner. If you’ve ever considered getting a very unconventional, extremely trendy, and totally unforgettable Christmas gift for your loved ones, NFT artworks can be a great option. If you decide to buy one now, it will for sure be delivered before the holiday arrives. NFT Art: New Gold for Gen Z Investors and Art Lovers Whether NFT art is for Gen Z is still debatable, but we see that there are more and more Gen Z NFT art creators all around the world that have been quick to adopt the new technology, and even faster to....