Why is Volume Important in Crypto?

[Suba]

In the crypto world, volume refers to the number of coins/tokens traded on CEX and DEX in a given period whether it is 24-hour, daily, or monthly volume. Investors and traders not only read the total number of coins/tokens being analyzed but they also check the quality of the volume, such as high volume and high volatility indicate unstable market movements, while high volume and low volatility indicate stable market interest.

 

[Nomad]

A lot of people only watch price but if you look at trading volume you will actually get a clear picture about whether the coin can be profitable or not