Post
Topic
Board Altcoin Discussion
Re: Is Trading Volume an important metric ?
by
qigong13
on 04/07/2022, 17:13:41 UTC
Trading volume has a huge impact on the success of the project. It simply means that it is active on the market and lots of investors trust the whole project. It could increase the volatility of a coin which will also be profitable for most traders. Nowadays, fake volume is also existing for some developers to hype the project so we must be skeptical and careful. It's still important to do research first.
Most top altcoins on CMC boast about their daily trading volume to show and convince investors that their coins were stable. Huge trading volume is a desirable trait that most alts want to attain which leads to fake trading volume as you mentioned. So yes, trading volume is an important metric.