Unusually high trading volume can be an indication that a crypto asset’s price is on the rise.
While the crypto markets are clearly led by the swings of Bitcoin and Ethereum, outliers are frequent and identifying them is often what separates the average traders from the great ones.
Compared to the gains-fest of the first few months of 2021, June has been a rather bleak time for crypto investors. Digital asset prices were mostly stagnant and massive rallies were rare.
Of many market and social metrics tracked by Cointelegraph Markets Pro platform, one proved to be especially useful this month: Average daily trading volume.