The relationship between Volume and price of a currency (coin)?

kib (30)in #cryptocurrency • 7 years ago (edited)

What is the relationship between Volume and price of a currency (coin)?

Let's take Binance Coin (BNB) as an example.
As you can see below Two days ago the Volume of BNB was ~ $560 Million and the price per coin at that time was ~ $23 but today the Volume went down by ~ 62% all the way to 211 Million but the price is still in ~ $21.35. So my question is what does volume say about the performance of the coin and what kind of effect does it have on the price ?

Your comment appreciated

#binance #bnb #volume #vincentb

7 years ago in #cryptocurrency by kib (30)

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eatsrewards (59) 7 years ago

This is the best post on Steemit. I gave you a vote now, ya heard?

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kib (30) 7 years ago

Thanks a lot

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steemitboard (66) 6 years ago

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steemitboard (66) 5 years ago

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