Cryptocurrency Q&A
What is the volume of a cryptoasset?
What is the volume of a cryptoasset?
CryptoGladiator
Thu Aug 29 2024
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7 answers
2040
Excuse me, could you elaborate on the concept of "volume" when it comes to cryptoassets? I understand it's an important metric in the crypto world, but I'm not quite sure how to interpret it or why it matters. Could you please explain in simple terms what it represents and why investors and traders tend to pay close attention to it? I'm interested in understanding its significance in assessing the health and momentum of a particular cryptoasset.
7 answers
SeoulSerenity
Sat Aug 31 2024
Cryptoasset volumes represent the comprehensive trading activity within the past 24 hours across various exchanges.
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Valentina
Sat Aug 31 2024
This metric is crucial for assessing the liquidity and market interest in a particular cryptocurrency.
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Isabella
Sat Aug 31 2024
However, it's important to note that not all market pairs contribute to the total volume calculation.
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CryptoMystic
Fri Aug 30 2024
Exchanges that do not impose trading fees or offer significant incentives for trading specific market pairs may exclude them from the total volume reported.
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amelia_jackson_environmentalist
Fri Aug 30 2024
This exclusion is indicated by two asterisks (**) on the markets tab, allowing users to differentiate between inclusive and exclusive market pairs.
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