Analysis of crypto traded volumes indicates a bleak trend; down 80% across the market

InstitutionalMarch 11, 2019, 2:00PM EDT
UPDATED: March 22, 2022, 3:15PM EDT
Analysis of crypto traded volumes indicates a bleak trend; down 80% across the market
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Traded volume on cryptocurrency exchanges is perhaps the best indicator of the health of the space. Volume is a great proxy for the interest in cryptocurrencies. 

The problem is billions of dollars in volume is faked every day. Several exchanges fake volume to create an illusion of interest in order to lure in more customers. Some projects are doing the same to deceive investors to buy their token.

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