🌐 Most Traded Cryptocurrencies in the Last 24 Hours🚨
Below is a ranking of the standout coins based on 24-hour trading volume:
1. Tether (USDT) – At the top of the list with approximately 60 billion USD in trading volume.
2. Bitcoin (BTC) – In 2nd place with approximately 44 billion USD in volume.
3. Dai (DAI) – ~18–19 billion USD in volume.
4. Ethereum (ETH) – Stands out with ~16 billion USD in volume.
5. USD Coin (USDC) – Attracts attention with ~8–9 billion USD in volume.
6. Solana (SOL) – Comes forward with ~3.8–4.4 billion USD in volume.
7. XRP – Trades heavily with ~3.9–4 billion USD in volume.
8. Dogecoin (DOGE) – Stands out among meme coins with ~0.7–0.9 billion USD in volume.
🧭 Compass Guide Visual Explanation
In this visual, a graphical compass is used as the center, and each coin is placed in different directions proportional to its volume:
North (N): USDT – the main actor guiding the compass with its massive volume.
Northeast (NE): BTC – the second largest source of volume.
East (E): ETH – listed with strong volume.
Southeast (SE): USDC.
South (S): SOL.
Southwest (SW): XRP.
West (W): DOGE.
Northwest (NW): DAI or other notable coins.
📌 Why Is This Important?
Liquidity Indicator: These coins are traded with high volume, providing liquidity in the market.
Market Direction: Volume increases in high-volume coins react quickly to price movements.
Monitoring Conditions: Traders and investors develop strategies by paying attention to volume changes in these coins.
Manipulation Risk: Some transactions of large-volume coins may involve bots or “wash trading” – meaning that volume does not always indicate real buy-sell signals🚨💥
