Post
Topic
Board Altcoin Discussion
Re: What do you all think
by
Xal0lex
on 02/07/2022, 12:33:18 UTC
This question is for those that are into crypto for many years already, does low daily volume means a project is bad? A project with good use case but still very young is now plagued with low trading volume, is this the end or there is hope?.

Low trading volumes are often the reason why the project is traded on low-liquid exchanges, and the project simply does not have money to list on more popular exchanges. I read somewhere that listing on Binance costs 30 bitcoins or so. Not all projects are supported by funds or large investors, so they have liquidity problems at the start. Maybe if the project is 1 to 6 months old, low liquidity and low volumes doesn't mean it is bad and unpromising, but if it has low volumes and liquidity a year or more after the launch, it is already much worse. Most likely, this project was not able to occupy its niche and sooner or later will die, like 90% of altcoins.