{"id":288589,"date":"2021-07-01T17:36:54","date_gmt":"2021-07-01T14:36:54","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/double-digit-crypto-gains-and-trading-volume-whats-the-connection\/"},"modified":"2021-07-01T17:36:54","modified_gmt":"2021-07-01T14:36:54","slug":"double-digit-crypto-gains-and-trading-volume-whats-the-connection","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/double-digit-crypto-gains-and-trading-volume-whats-the-connection\/","title":{"rendered":"# Double-digit crypto gains and trading volume \u2014 what&#8217;s the connection?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2787aba8156\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2787aba8156\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/double-digit-crypto-gains-and-trading-volume-whats-the-connection\/#AMP_AMP_2255\" >AMP (AMP): +2,255%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/double-digit-crypto-gains-and-trading-volume-whats-the-connection\/#KEEP_NETWORK_KEEP_73746\" >KEEP NETWORK (KEEP): 737.46%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/double-digit-crypto-gains-and-trading-volume-whats-the-connection\/#THETA_FUEL_TFUEL_66156\" >THETA FUEL (TFUEL): 661.56%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/double-digit-crypto-gains-and-trading-volume-whats-the-connection\/#PERLIN_PERL_4542\" >PERLIN (PERL): 454.2%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/double-digit-crypto-gains-and-trading-volume-whats-the-connection\/#QUANT_QNT_28122\" >QUANT (QNT): 281.22%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/double-digit-crypto-gains-and-trading-volume-whats-the-connection\/#Important_Disclaimer\" >Important Disclaimer<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Double-digit crypto gains and trading volume \u2014 what&#8217;s the connection? <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>While the crypto markets are clearly led by the swings of Bitcoin and Ethereum, outliers are frequent \u2014 and identifying them is often what separates the average traders from the great ones.<\/p>\n<p>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, leaving traders to do the hard guesswork: Which asset will do better than most others that are either going down or moving sideways?<\/p>\n<p>Of many market and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> metrics tracked by Cointelegraph Markets Pro platform, one proved to be especially useful this month: Average daily trading volume. <\/p>\n<p>Five of the assets that recorded the greatest increase in daily volume compared with the previous month were among the biggest winners, securing double-digit dominance over both Bitcoin and the dollar.<\/p>\n<p>And the correlation may not be an outlier \u2014 we saw the same pattern last month.<\/p>\n<p>Trading volume is one of the components of the VORTECS\u2122 score, Markets Pro\u2019s algorithmic tool that relies on years of historical data to assess how healthy each coin\u2019s current market outlook is. <\/p>\n<p>As well as the score, raw numbers on unusually high and unusually low volume (relative to last month\u2019s average) are available on Markets Pro dashboard. The Unusual Trading Volume Indicator is one tool that traders may find useful in identifying potential profit opportunities.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/06620b79-6450-4976-ac33-1dcccaffcb14.jpg\"><figcaption style=\"text-align: center;\"><em>Unusual Trading Volume 7.1.21 at 10:30am ET \/ Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>Here are the five coins that have seen the largest increases in average daily trading volume this month&#8230; and their monthly price dynamics.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"AMP_AMP_2255\"><\/span>AMP (AMP): +2,255%<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>30-day price change: +61.02% vs. USD, +59.32% vs. BTC<\/strong><\/p>\n<p>AMP embarked on a massive price hike that saw it shoot from $0.059 to $0.108 on June 14, and the trading volume followed the price closely. <\/p>\n<p>Halfway through the rally, the coin popped up on the Unusual Trading Volume section of Markets Pro dashboard, alerting users that the ongoing price pump had been supported by a corresponding boost in liquidity. <\/p>\n<p>The jaw-dropping increase in trading volume of more than two thousand percent was registered around the same time when the price peaked at almost 11 cents (red circle in the graph). <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/5e41bf76-fbab-499e-b5c7-f8e04d954945.png\"><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"KEEP_NETWORK_KEEP_73746\"><\/span>KEEP NETWORK (KEEP): 737.46%<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>30-day price change: +13.35% vs. USD, +11.28% vs. BTC<\/strong><\/p>\n<p>Keep Network (KEEP) hugely benefited from a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of high-profile listings this month: First came Coinbase, then Binance. The market absorbed the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> before KEEP pairs began trading on these platforms, leading to the price peaking before trading volume. The highest volume of $215 million (red circle in the graph) came some 18 hours after the price touched $0.71 on June 17. <\/p>\n<p>In the case of KEEP, a spike in trading volume was not a harbinger of a price increase, but at least partially a result of it.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/9cc7e69c-1b78-40da-ad8a-a412cfb66af1.png\"><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"THETA_FUEL_TFUEL_66156\"><\/span>THETA FUEL (TFUEL): 661.56%<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>30-day price change: +51.27% vs. USD, +48.51% vs. BTC<\/strong><\/p>\n<p>Theta Fuel\u2019s strong showing this month in terms of both price and liquidity was powered by users\u2019 anticipation of the upcoming Mainnet 3.0 launch. <\/p>\n<p>Trading volume has definitely been one of the factors driving price action, as the two were moving hand-in-hand. In fact, between June 7 and 9, the growth of volume outpaced price movement, culminating minutes before the price hit the local high at $0.66 (red circle in the graph). <\/p>\n<p>By that time, the Markets Pro Unusual Trading Volume indicator had been flashing for TFUEL for several hours.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/5b405c91-c353-42e1-a14e-f43279c2eda7.png\"><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"PERLIN_PERL_4542\"><\/span>PERLIN (PERL): 454.2%<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>30-day price change: +24.32% vs. USD, +21.92% vs. BTC<\/strong><\/p>\n<p>Perlin\u2019s superior trading volume dynamics powered more than just the price movement this month. Combined with other metrics, it contributed to a series of strong VORTECS\u2122 scores that preceded two price peaks on June 17 and 19. <\/p>\n<p>The highest trading volume (red circle in the chart) came on June 17 as the asset\u2019s value was at $0.112, bound for the high of $0.119 some two days later.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/ca8b03ef-5578-4fed-b5d2-25704c52bc8f.png\"><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"QUANT_QNT_28122\"><\/span>QUANT (QNT): 281.22%<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>30-day price change: +92.03% vs. USD, +88.56% vs. BTC<\/strong><\/p>\n<p>Quant (QNT) followed a price\/trading volume pattern similar to that of KEEP. The coin\u2019s price received a major boost from the news of an upcoming Coinbase listing before the actual spike in volume came along. <\/p>\n<p>As visible in the graph, the high watermark of QNT\u2019s liquidity came after the price hit the ceiling on June 16.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/f7c447de-09f2-4499-ab0d-f3e2688f08b4.png\"><\/figure>\n<p class=\"post-content__accent post-content__accent_small\">Cointelegraph Markets Pro is available exclusively to members on a monthly basis at $99 per month, or annually with two free months included. It carries a 14-day money-back policy, to ensure that it fits the crypto trading and investing research needs of subscribers, and members can cancel anytime.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Important_Disclaimer\"><\/span>Important Disclaimer<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><em>Cointelegraph is a publisher of financial information, not an investment adviser. We do not provide personalized or individualized investment advice. Cryptocurrencies are volatile investments and carry significant risk including the risk of permanent and total loss. Past performance is not indicative of future results. Figures and charts are correct at the time of writing or as otherwise specified. Live-tested strategies are not recommendations. Consult your financial advisor before making financial decisions. <\/em><em>Full terms and conditions<\/em><em>.<\/em><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/double-digit-crypto-gains-and-trading-volume-what-s-the-connection\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Double-digit crypto gains and trading volume \u2014 what&#8217;s the connection? &#8221; While the crypto markets are clearly led by the swings of Bitcoin and Ethereum, outliers are frequent \u2014 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,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":288590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvM2RjZjU5NmYtNjU0MC00ZmVmLWI4OTYtN2Q3MDMxNWZjMjViLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74863,105688,71407],"class_list":["post-288589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-cryptocurrencies","tag-markets-pro","tag-trading"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/288589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=288589"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/288589\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/288590"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=288589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=288589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=288589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}