Post
Topic
Board Altcoin Discussion
Re: Low volume coins good for investment now?
by
RussianEnglishTranslation
on 19/04/2021, 05:13:04 UTC
Can a coin with very low 24hrs volume still brings profit? For example zclassic, the volume isn't even up to 20k in 24hrs, is it worth the risk or it's a big no for you? What do you think about this?
Yes, most trading volume is fake anyway. What you need to do is make sure that there is enough liquidity for you to exit your position. 0xMonero for example has low volume but is a good buy at this price and has liquidity on a dozen exchanges on five different blockchains. Looks for the best deals, not the most volume.