These tokens saw the biggest trading volume pumps last week. How could traders benefit? -Breaking
An uptick in trading volume is one of the key components of a digital asset’s healthy market outlook. It indicates both robust liquidity and a surge in fellow traders’ enthusiasm for the token. The relationship between the asset’s price and trading volume is a nuanced one: Volume spikes often trail strong rallies as more and more traders hop on the bandwagon in the hopes of a ride to the moon.
In some instances, however, price appreciation can be caused by a surge in trading volume. Crypto investors can spot signs that a rally is coming by being alerted when there’s unusual trading activity surrounding a token. It doesn’t matter if the volume spikes precede or follow price action; assets with unusual trading behavior around this key metric are worth a close look.
FRONT: Trading volume explosion following an exchange listing
QKC: An insignificant price pump that anticipates a peak
WAVES: Price wave first, trading volume wave second
LOOM: Short trading volume pump anticipates price peak
OXY: Prices and trading volumes rise in tandem
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