Hi !
On
http://www.cryptocoinrank.com there is a row titled "Volume".
What exactly does it mean ? Is it the trade volume or the book order volume ?
Edit: Found the thread here....
"AGG Trading Volume -> combined trading volume from many different exchanges (±24h% change coming soon)"
Okay. So what exactly does it mean ?
LTC seems to have nearly 50 Million $ while BTC just ca. 10 Million $ of that AGG Trading Volume.
I am confused. Does it mean, LTC is traded 5 times as much as BTC ?
And what is the cause ? What is happening with all the Litecoins ?
Is this just speculation ? How can one find out how many coins of a currency are spent for goods and services ?
As far as i know okcoin and huobi dont have trading fees, so huge amount of volume is "fake".
Look at the volume when swings happen, that is the most accurate way of understanding real volume exchange is having.