1. Why is trading volume important in cryptocurrency?
There must be a significant trading volume for the cryptocurrency liquidity to support a trader entering a large order with minimal changes in the market price.
2. Are stablecoins like USDT and USDC safe to trade?
Stablecoins are indeed pegged assets, maintaining a very stable value in contrast to significantly greater volatility.
3. How can I track real-time trading volumes?
The latest figures for trading volumes of different cryptos are made available through platforms such as CoinMarketCap, CoinGecko, or TradingView.
4. Do high trading volumes guarantee profitability?
Increased trading volume provides liquidity; however, market validation, strategy, and risk management are crucial when generating profit.
5. Can I trade these cryptocurrencies on Indian exchanges?
Several cryptocurrencies are traded on the largest exchanges. Some of the top traded cryptocurrencies in India are WazirX, CoinDCX, and ZebPay.
