May 2018 Volume Rankings Report: EOS Predominates Leading Exchanges
May witnessed sustained bearish act te the cryptocurrency markets, with many markets providing back most of the gains made during April. When looking at trade volume, wij can see that BTC wasgoed by far the most traded cryptocurrency, followed by Tether and Ethereum. EOS also spotted significant activity, rising to become the fourth most traded cryptocurrency during the month.
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$185 Billion USD Worth of BTC Traded ter May
According to Coinmarketcap, almost $185 billion worth of BTC has bot traded overheen the course of the last thirty days.
During May, more BTC wasgoed traded on the 3rd than any other day – during which $Ten.Two billion worth of bitcoins exchanged arms whilst the BTC markets ramped up to unsuccessfully test resistance at the $Ten,000 area.
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By tegenstelling, the weakest trading volume wasgoed witnessed on May 26th – with $Four.05 billion worth of BTC being traded spil the markets steadily broke below the $7,500 area. The very first two weeks of May produced daily trading volume of harshly $Five.8 billion and $Ten.Two billion worth of BTC daily, with volume declining to inbetween $Four.05 billion and $6.75 billion worth of BTC daily during late-May.
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Tether and Ethereum Comprise $170 Billion Worth of Trade Combined
The the 2nd most traded cryptocurrency during May wasgoed Tether – with almost $93 billion worth of USDT exchanging forearms. The volume of USDT traded during May oscillated inbetween approximately $Four.75 billion and $1.8 billion daily. Spil with BTC, trading volume wasgoed much stronger during the early weeks of May (inbetween approximately Trio.Two billion USDT and Four.75 billion USDT daily), before declining to inbetween 1.8 billion USDT and toughly Three.Five billion USDT daily straks into the month. The largest amount of USDT wasgoed traded on the 11th of May (Four.75 billion), with the least amount of USDT being traded 26th of May (1.8 billion).
Ethereum wasgoed the third most traded cryptocurrency of the last 30 days, with approximately $76.6 billion worth of ETH exchanging arms during May. The daily volume wasgoed fairly constant for ETH, with inbetween $Two billion and $Four billion worth of ETH being traded each day except for May 3rd ($Four.Two billion), May 7th ($Four.Three billion), May 26th ($1.7 billion), and May 27th ($1.8 billion).
EOS Fourth Ranked Cryptocurrency By Volume Overheen Last 30 Days
May spotted significant act te the EOS markets, with EOS consistently grindsteen downwards to lose approximately 40% of its value when compared with the all-time high of approximately $20 posted at the end of April. EOS also maintained its position spil a leading cryptocurrency by trade volume, comprising the fourth most traded cryptocurrency during May with a thirty-day volume of $47.Five billion USD.
When looking at 24-hour volume, wij can see that EOS pairings are among most traded on the leading exchanges by volume. EOS pairings are the 2nd and sixth highest volume pairs on the top two cryptocurrency exchanges by volume, Binance, and Okex, and comprise the top volume pairing on the third, fifth, and sixth highest volume exchanges – Huobi, Upbit, and Bithumb.
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Other Top Markets by Volume Rankings
Bitcoin Contant wasgoed the fifth most traded cryptocurrency during May – producing almost $28 billion USD worth of trades during the last thirty days. The volume for BCH fluctuated inbetween approximately $500 million and $Two billion worth of trades daily.
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The sixth most traded cryptocurrency wasgoed Tron with almost $14 billion worth of trades during May, slightly edging out Ripple – which witnessed approximately $13.7 billion worth of XRP exchange palms overheen the last thirty days. Litecoin wasgoed the eighth most traded cryptocurrency with almost $11.9 billion worth of trades, followed by Ethereum Classic with $6.Five billion, and True Chain with $6.1 billion.
24-Hour Volume Rankings Mirror Monthly Top Ten
The list of leading cryptocurrencies by 24-hour volume is almost identical to the 30-day rankings.
BTC wasgoed the most traded cryptocurrency of the last day – with BTC parings accounting for 30% of trading activity overheen the preceding 24 hours. Tether has the 2nd most volume with 15.5%, followed by Ethereum (13%), EOS (8.5%), Bitcoin Specie (Trio.75%), Tron (Two.6%), Ripple (Two.10%), and Litecoin (1.9%).
The foot deviation inbetween the 24-hour and the monthly rankings is the appearance of Cardano rather than Ethereum Classic te ninth place with 1.3%. True Chain has the tenth largest volume of the last 24 hours, accounting for approximately 1% of total cryptocurrency trade.
Do you think that EOS will proceed to sit spil high te the volume rankings merienda main netwerk launch hype subsides? Share your thoughts te the comments section below!
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