Post
Topic
Board Altcoin Discussion
Re: What do you all think
by
Hypnosis00
on 02/07/2022, 13:15:14 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?.
That was not the sole basis to say if that project is good or bad, however, trading volume is also an indication if that project has bigger market potential or not. But of course, as a trader, it gives us more plays and earning fast if there is an active trade that was the advantage. It is found to have a reason why many traders are preferred with Bitcoin for the long-term, while hot coins (hyped) for a short-term trade. It is basically they are referring to trading volume which certainly affects the results.