Litecoin’s [LTC] & Tron’s [TRX] 24 hours trading volume up by 40% and 400% respectively in past 2 months

Cryptocurrency markets may be going through a phase but the trading volume of the top cryptocurrencies are increasing steadily. Both Tron and Litecoin have shown amazing growth. In terms of trading volume growth, these two have surpassed even Bitcoin.

Litecoin

From the past couple of months, Litecoin’s volume has increased by more than 40%. The cryptocurrency’s volume was around $400 million on  December 1st, 2018 and its current volume is a little over $700 million.

Tron

Tron has been the winner in terms of increase in volume. The cryptocurrency’s total volume is up by almost 400% in the last 2 months. Tron’s increase in valuation is due to the Tron BitTorrent partnership, which many people in the industry speculate is going to be huge.

On 2nd December Tron [TRX] had a trading volume of a little over $62 million and currently, the cryptocurrency’s trading volume is  $327 million.

Blockmanity’s Take

Cryptocurrency trading volume changes every hour on Coinmarketcap and does not account for whether it’s a Sell order or a Buy order. Although, the volume isn’t a good indicator of whether an asset is performing good or bad. But high trading volume does provide an investor some assurance on the liquidity of an asset.

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