Learning all of the metrics is an important part of evaluating the investment potential of a particular cryptocurrency. One of the most important ones that new investors should focus on is trading volume.
Trading volume is the amount of activity that is surrounding a coin or a token. This metric will allow you to see how popular an asset is and how frequently it is changing hands. It’s a ledger of the buying and selling activity surrounding each coin or token, and it can be very useful for planning your trades.
Investors should keep in mind that this is only the publicly traded volume and it is perfectly possible that large sums of cryptocurrency are being traded privately through OTC markets, and what is shown is not the entire market.
It is normally measured by the amount of activity within the past 24 hours. Investors should keep in mind that there is trading volume on a crypto exchange and then there’s also a general trading volume which takes into account aggregated data from all exchanges. Some exchanges will naturally have more volume, making it easier to trade that asset.
Cryptocurrency trading volume is important in identifying healthy investments. A coin or token may look good on paper, but if it has no trades then it could be dangerous to deal with it. Assets with low volume could be a sign of a dead project, and they could even be delisted from an exchange for it!
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