What the hell is going on with volume at the moment?! What data are they even using? (source is coingecko) #hell #volume #moment #data #source #coingecko

What the hell is likely on with volume at the instant?! What facts are they even utilizing? (resource is coingecko)

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Comments (6)

  • SmoothGoing Reply

    I believe [some exchanges](https://www.binance.com/en/support/announcement/binance-launches-zero-fee-bitcoin-trading-10435147c55d4a40b64fcbf43cb46329) have no fees on some trading pairs. That means the volume can be jacked up and down with bots for nothing and as such is a completely useless metric.

    November 5, 2022 at 6:43 pm
  • Olmops Reply

    I was wondering the same. How is 24h volume calculated?

    November 5, 2022 at 6:43 pm
  • KefrIdeal3929 Reply

    Seriously, why is this not a top topic of discussion?

    November 5, 2022 at 6:43 pm
  • edislucky Reply

    I think….

    It’s the amount bought and sold. For scale;

    So there is one banana in world = market cap 1 banana.

    On Tuesday I gave it you = 1 banana per 24 hours.

    On Wednesday you gave it to me and I gave it back to you = 2 Banana per 24 hours.

    November 5, 2022 at 6:43 pm
  • NYKNYb Reply

    More like sh*tcoin gecko ammirite

    November 5, 2022 at 6:43 pm
  • swiftpwns Reply

    It’s every trade combined even if it’s the same bitcoins being retraded multiple times and with bots the number goes pretty high.

    November 5, 2022 at 6:43 pm

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