Are coins and tokens that have good value like 0.02 or even 0.2cent on exchanges with no volume the same bad news as coins that haven't made it to an exchange yet? what do you guys have to say about this? i am currently holding two different tokens with good value but no trading volume, any hope for such projects?
According to CoinMarketCap, only 82 altcoins have more than $1 million worth of daily trading volume on the day of this post.
That equals 3 percent of the 2,440 altcoins listed.
Certainly, that data doesnt include actual usage of altcoin blockchains themselves, it only measures how much money goes in and out of an altcoin on any given day.
And it also includes some data that probably isnt correct. For example, USDT daily volume thats four times higher than its total supply (meaning every tether gets bought and sold four times in one day, which seems a bit of a stretch).
Still, its the best data I can find, and it offers some perspective on market activity and enthusiasm.
Not many altcoins have much interest from people who dont already use them. With the overall market tanking, its tough to get prices to rise when new demand doesnt exist.
Also, the people who use those altcoins dont use them much. Looking at all dApp information sites, none report more than 1 million people using dApps in any 24-hour period. In fact, most dApps have fewer than 1,000 active daily users.
So yeah, no trading volume = ded coin.