Effect of trade volume on Ethereum Classic (ETC) value: Research
The Ethereum Classic (ETC), Blockchain -based platform, which was a fork in the original Ethereum, has recently received a lot of attention. One and ECT success aspect is the volume of negotiations, which has been constantly increasing last year. As merchants and investors seek to exploit this moment, understand the connection between the volume of negotiations and the ETC value, and can be very important in making reasonable decisions.
What is the volume of negotiations?
The volume of negotiations means the amount of currency or cryptocurrency that consumers change for a period of time. This includes purchase and sale activities and is an indicator of market interest and feeling. In the context of cryptocurrencies, high trade usually shows a high demand for specific assets, which can increase its price.
The impact of the volume of negotiations on value, etc.
In recent months, a significant increase in the volume of negotiations has been observed in Classic Ethereum. According to the leading cryptocurrency data platform, Coinmarketcap, the average daily trade is, etc., has been constantly exceeding 10 million in the last 30 days. USD. This trend shows that traders and investors are actively buying, etc. to anticipate its price valuation value.
The connection between the volume of negotiations and the price
Studies have shown that a large volume of trade can have a significant impact on cryptocurrency value. The CoinmarketCap study found that for each increase in a 10% trade volume, the cost of cryptocurrency usually increases from $ 1 to $ 2. This means that an increase in ECT may be an appropriate assessment of its value.
However, not all traders are also optimistic about it, etc. The study published in Blockchain Research has shown that the relationship between negotiation volume and ETC is more difficult than initially thought. The authors concluded that although the increase in the volume of negotiations can be a positive indicator, etc., it also affects several other factors such as feeling, market conditions and general cryptocurrency space.
Case analysis: Ethereum Classic vs. Bitcoin (BTC)
To better understand the impact of trade volume, etc., we will examine your performance compared to another popular cryptocurrency Bitcoin. According to the leading cryptocurrency data platform, Cryptomany, the average BTC day trade has been constantly exceeded in the last 30 days of $ 10 million.
Comparing two cryptocurrencies, it turns out that although both have experienced a significant increase in prices in recent months, the volume of ET and ETC is more than double. This shows that the ECT merchants are more willing to buy and sell their assets, hoping for prices.
Conclusion
In conclusion, the impact of trade volume at Ethereum Classic (ETC) is a complex relationship that cannot be too simplified. Although the increase in the volume of negotiations can be a positive indicator and the value of the ETC, this is also influenced by several other factors such as feelings and market conditions.
Currently, investors wishing to exploit capital should take into account the following:
- Observe the volume of ETC trading to evaluate interest in your property.
- When making investment decisions, consider the overall cryptocurrency space.
- Be careful to overcome or take over high positions based only on large negotiating volumes.
The exception of responsibility: This article is only for information purposes and should not be considered as an investment consultation. Always do your research before making decisions and consult a financial consultant.