Many people think that, if BTC is the first generation of chainblocks, ETH is the second generation of blockchain, then the EOS is the third generation of blockchain operating system
Just now,EOS topped ETH in volume first time, if take out most of the USDT, EOS is held and the second volume, and is replacing the ETH.
Volume is a performance of supply and demand, referring to the number of transactions in a time unit.When the demand exceeds supply, the crowd surges, all must buy, the volume naturally amplifies,On the contrary, the supply exceeds demand, the market is deserted, the buying is rare, volume is bound to shrink.And the human tide is numerical.
A reduction in the long run trading volume of an encrypted cryptocurrency is the signal that it is starting to weaken, and the stronger the signal is if it appears in the state of market contraction.Price increases can be amplified by large volume or volume to confirm its trend;cryptocurrency trading volume is participation in real reaction, when you watch a cryptocurrency will have a lot of people buy, those who hold the TOken will hold to rise, so as to promote the TOken prices;Similarly, if the encrypted cryptocurrency is not favored, the public will sell, and the short seller will not buy, thus driving down the stock price.So volume is the master of cryptocurrency prices.
In fact, the volume of transactions really reflects the level of public participation, and in the area of cryptocurrency, this represents a consensus that has been recognized by most people.
Famous investment expert Joseph E.Granville said, "volume is encrypted cryptocurrency, but the price is a reflection of the volume, the change of volume, is a sign of Token price changes".
Many cryptocurrency investors understanding for volume change law of K- line analysis is combined with the analysis of the volume, in order to truly understand the language of the market, insight into the secrets of the stock price changes.Volume is the driving force of price change, its position in actual combat technical analysis is self-evident.
GOOD LUCK,EOS,you will be change the world!
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Luca Croce@Italy Graduated from University of Bologna
IT engineer,Block chain technician