Post
Topic
Board Altcoin Discussion
Re: DeepOnion: An "unbiased" Review, Part 2
by
borpolev
on 07/02/2018, 22:14:41 UTC

Why is the 24H volume so low
This is hard to approach since what do you consider a low 24H volume? The 24H volume is now around 2-300K USD and it topped out at 3-4M USD at the ATH. The market cap of the coin is around 40-50M currently. If we just randomly look at some coins in that area: CloakCoin, Hive and Decision token the 24H volume is very similar. CloackCoin and Decision token are slightly higher at 3-400k USD but I would say the difference just depends on popularity at the time. As for CloackCoin it is already listed on Bittrex which helps drive the volume a little higher.

I think that the volume is not overly low for a 40M market cap coin that has yet to be listed to Binance or Bittrex but please elaborate on your question and I will have a deeper look.

Perhaps because nobody wants to buy it as everyone can get some free coins on airdrop, and nobody wants to sell after the price plunge as everyone now waits for the bullish leg?