Hello everyone, how are you? I hope everyone is doing well, so today we will know what trading volume is and how it works, We often look at the 24-hour trading volume of coins on CoinMarketCap and various marketplaces,

Before investing in the crypto market, we should know a few things, let's say we are going to invest in a coin, then before that we need to know the market cap of that coin and the trading volume of the coin in the last 24 hours, these are very important because bad projects do not have such a good market cap and trading volume, and if the trading volume is good, then it is expected that this coin will perform very well very soon, we all know what market cap is and even everything about market cap,
Now we will know the trading volume, the amount of a coin that has been bought and sold throughout the day is the trading volume, let's say when we buy a coin, the amount we have bought will be added to the trading volume, and the person who sold above me will also be added to me, called trading. For example, I bought Bitcoin for $100 and even the person who placed a sell order to sell Bitcoin for $100, both of these will be added to the trading volume,

Image collect Pixabay

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And this is called trading volume,
Basically, the trading volume is calculated based on the amount of transactions that have been made in the last 24 hours, which is what trading volume means,

And why is it important to know the details about the trading volume of a coin first?
Basically, the more trading a coin has, the more buy and sell it is, the more opportunities there are to pump that coin, because the more buy and sell a coin, the better that coin will be,
There are many coins in the market that have very good prices and even good market caps, but the latest trading volume is very low and this is a very bad thing, meaning that investors have invested in it but no new investment is coming, so this is a very bad thing, because if no new investment comes, then there is a chance that the coin will go down from here,
So the more trading volume comes, the better it is for the coin,

Image collect Pixabay

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So I hope everyone understands why trading volume is very important for a coin, so I am ending here today, I wish everyone to be well and healthy, Allah-Hafez,