Top 10 cryptocurrencies by trading volume 0 (0)

<p class=“text-align-start“>If you’re a crypto investor, you probably know which are the top coins. But as crypto market is raising its head again, some investors revisiting crypto would appreciate a recap of the current options beyond the major assets (BTC and ETH). It’s important to stay on top of the coins with the highest trading volumes. Here are the top 10 cryptocurrencies by trading volume, along with some key information that investors should keep in mind:</p><ol><li><p>Bitcoin (BTC): With a market cap of over $532 billion, Bitcoin remains the largest and most widely recognized cryptocurrency. Its price has risen 19.17% over the past 30 days, and it currently has a 24-hour trading volume of over $14.8 billion.</p></li><li><p>Ethereum (ETH): Ethereum is the second-largest cryptocurrency by market cap, currently valued at over $213 billion. Its price has risen 9.47% over the past 30 days, and it has a 24-hour trading volume of over $7.1 billion.</p></li><li><p>Tether (USDT): Tether is a stablecoin that is designed to maintain a 1:1 peg with the US dollar. Its market cap is over $79 billion, and it has a 24-hour trading volume of almost $24 billion.</p></li><li><p>Binance Coin (BNB): Binance Coin is the native token of the Binance exchange. It has a market cap of over $51 billion and a 24-hour trading volume of almost $380 million.</p></li><li><p>USD Coin (USDC): USD Coin is another stablecoin that is pegged to the US dollar. Its market cap is over $33 billion, and it has a 24-hour trading volume of almost $4 billion.</p></li><li><p>XRP: XRP is the native token of the Ripple payment protocol. It has a market cap of over $23 billion, and its price has risen over 20% in the past 7 days. Its 24-hour trading volume is over $1.6 billion.</p></li><li><p>Cardano (ADA): Cardano is a third-generation blockchain platform that aims to provide a more efficient and sustainable alternative to existing blockchains. Its market cap is over $12 billion, and it has a 24-hour trading volume of over $209 million.</p></li><li><p>Dogecoin (DOGE): Dogecoin is a meme-inspired cryptocurrency that has become a favorite of many retail investors. Its market cap is over $9 billion, and it has a 24-hour trading volume of over $288 million.</p></li><li><p>Polygon (MATIC): Polygon is a Layer 2 scaling solution for Ethereum that aims to improve its speed and scalability. Its market cap is over $9 billion, and it has a 24-hour trading volume of over $341 million.</p></li><li><p>Binance USD (BUSD): Binance USD is another stablecoin that is pegged to the US dollar. Its market cap is over $8 billion, and it has a 24-hour trading volume of almost $3 billion.</p></li></ol><p>BTCUSD technical analysis snapshot: Buyers might need to be careful here (and wait for a dip?)</p><p>As Bitcoin’s price rises and approaches the 20EMA, buyers should exercise caution. The 20EMA is a popular technical indicator used to track a security’s price trend, and it can act as resistance or support for the price. When Bitcoin has gone up almost 90% since November 2022, and reached the 20EMA on the monthly timeframe, there is a possibility that profit takers are waiting to sell their positions, causing a price reversal or consolidation. Buyers should be aware of this possibility and carefully monitor price movements around the 20EMA to avoid buying at the top of a rally and potentially losing money in a market correction.</p><p class=“text-align-start“>Keep in mind that trading volume alone is far from being the only indicator of a coin’s value or future prospects. Investors should always do their due diligence and consider factors such as <a target=“_blank“ href=“https://www.forexlive.com/technical-analysis“>technical analysis</a> before making any investment decisions.</p>

This article was written by Itai Levitan at www.forexlive.com.

Go to Forexlive

Get ahead of the game: Top 7 stocks with high option volume and market sentiment 0 (0)

<p class=“text-align-start“>Option trading is a complex strategy that requires careful analysis of various factors to predict the movement of a stock’s price. One such factor is market sentiment, which is the overall feeling among investors about a particular stock. This sentiment can be bullish (positive) or bearish (negative), and it often affects the option volume of a stock.</p><p>We’ve compiled a list of seven stocks that are worth considering for option traders and stock investors. Each of these stocks has high option volume, which suggests that they are in demand among traders. Moreover, we’ve analyzed their market sentiment, stock price, catalyst events, and volatility to give you a better idea of their potential.</p><ol class=“text-align-start“><li><p>Bank of America (BAC) – This stock has a high option volume of 267,869, and the market sentiment is bullish. Its net delta is 725k, which means that more traders are betting on its rise than fall. The stock price is currently at $27.14, with a 0.6% increase. Upcoming earnings event is on April 18, 2023, and its IV % Rank is at 98%.</p></li><li><p>Netflix (NFLX) – Although this stock has a high option volume of 271,202, the market sentiment is bearish. The net delta is -69k, which indicates that traders are more inclined to short the stock. The stock price is at $328.39, with a 2.5% increase. Upcoming earnings event is on April 18, 2023, and its IV % Rank is at 66%.</p></li><li><p>Wells Fargo (WFC) – With a high option volume of 94,091, this stock has a bullish market sentiment. Its net delta is 90k, which suggests that traders are more optimistic about its rise. The stock price is at $36.23, with a 1% decrease. Upcoming earnings event is on April 14, 2023, and its IV % Rank is at 97%.</p></li><li><p>JPMorgan Chase (JPM) – This stock has a high option volume of 99,901, but the market sentiment is bearish. The net delta is -74k, which means more traders are betting on its fall than rise. The stock price is at $124.91, with a 1.5% decrease. Upcoming earnings event is on April 14, 2023, and its IV % Rank is at 89%.</p></li><li><p>Abbvie (ABBV) – Although this stock has a high option volume of 26,525, the market sentiment is bearish. Its net delta is -457k, which suggests that traders are more inclined to short the stock. The stock price is at $158.02, with a 1.8% increase. Upcoming earnings event is on February 9, 2023, and its IV % Rank is at 10%.</p></li><li><p>Accenture PLC (ACN) – With a high option volume of 4,529, this stock has a bearish market sentiment. Its net delta is -53k, which indicates that traders are more pessimistic about its rise. The stock price is at $272.00, with a 0.1% increase. Upcoming earnings event is on March 23, 2023, and its IV % Rank is at 28%.</p></li><li><p>Novartis AG (NVS) – This stock has a high option volume of 3,117, but the market sentiment is bearish. Its net delta is -148k, which means that traders are more inclined to short the stock.</p></li></ol><p>Trade at your own risk and visit <a target=“_blank“ href=“www.forexlive.com“>ForexLive.com</a> for additional views.</p>

This article was written by Itai Levitan at www.forexlive.com.

Go to Forexlive