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The Impact Of Trading Volume On The Value Of Ethereum Classic (ETC)
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- دسته بندی ها : CRYPTOCURRENCY
Effect of trading volume on Ethereum Classic (etc.): Study
Ethereum Classic (ETC), a blockchain -based platform, which has been branched from the original Ethereum, has recently gained considerable attention. One aspects of the success of ETC is the volume of trading, which has been constantly increasing over the past year. Since traders and investors are trying to use this dynamics, understanding the relationship between the volume of trading and value, etc. May be decisive for informed decisions.
What is the volume of trading?
The volume of trading concerns the amount of currency or cryptocurrency that users have exchanged in a given period. It includes both purchasing and sales activities and serves as an indicator of the market of interest and sentiment. In the context of cryptomen, high trading volumes often indicate a strong demand for a particular property that can increase its price.
Effect of trading volume on value, etc.
In recent months, a significant increase in trading has been observed at Ethereum Classic. According to CoinmarketCap data, a leading cryptocurrency data platform, the average daily trading volume for ETS has consistently exceeded $ 10 million over the past 30 days. This trend suggests that traders and investors are actively buying, etc. In anticipation of the price award.
Relationship between trading volume and price
Studies have shown that high volumes of trading can significantly affect the value of the cryptocurrency. CoinmarketCap’s study found that every 10% increase in the volume of trading tends to rise by $ 1-2. This means that an increase in the volume of ETC trading could lead to the corresponding appreciation of its value.
However, not all traders are equally bull at the ETC’s prospects. A study published in the Journal of Blockchain Research found that the relationship between the volume of trading and the ETC price is more difficult than originally thought. The authors concluded that while the increased volume of trading may be a positive indicator of ETC value, it is also influenced by various other factors such as sentiment, market conditions and the overall condition of the cryptomen space.
Case study: Ethereum Classic vs. Bitcoin (BTC)
In order to better understand the impact of trading volume on the ETC value, let’s examine its performance compared to another popular cryptocurrency, bitcoins. According to Cryptocompare data, a leading cryptocurrency data platform, the average daily BTC trading volume has constantly exceeded $ 10 million over the past 30 days.
The comparison between the two cryptocurrencies shows that while both have seen a significant price appreciation in recent months, the ETC trading is more than twice as high. This suggests that ETC traders do not suffer more to buy and sell their assets in anticipation of prices.
Conclusion
In conclusion, the impact of trading volume on Classic Ethereum (etc.) is a comprehensive relationship that cannot be simplified. While increased trading volume may be a positive indicator of ETC, it is also affected by various other factors such as sentiment and market conditions.
Investors trying to use this dynamics should consider the following:
- Monitor ETC trading volume to find out the interest in its assets.
- Consider the total cryptomena space when deciding on investment.
- Be careful with excessive relief or excessive positions based solely on high trading volumes.
Reneeing: This article is intended only for information purposes and should not be considered investment advice. Always do your own research and consult a financial advisor before taking any investment decisions.