🐒 24hr VOLUME ETH
🐒 24hr VOLUME ETH / CRYPTO CURRENCY ( ALT COINS ) and ETH price comparison at Poloniex
I feel like a lot of Ethereum when purchased goes to Poloniex in order to trade other Alt coins.
So I decided to start watching the 24hr volume of ETH traded on Poloniex to see how it correlates with the Ethereum price.
🐒 The 24hr volume ETH is the number of ETHEREUM used to trade AltCoins on Poloniex .
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CHART # 1:
BLUE COLUMN = 24hr volume Altcoins traded using Ethereum at Poloniex
VIOLET LINE = ETH PRICE
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SUMMARY
🐒 With the turmoil in Bitcoin concerning the bip-148 and the “user activated soft fork” or “UASF.”I feel more people may start entering the crypto world through Ethereum.
Note: I don't have much data yet on this but I will be updating and posting this regularly .
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SUMMARY
🐒 With the turmoil in Bitcoin concerning the bip-148 and the “user activated soft fork” or “UASF.”I feel more people may start entering the crypto world through Ethereum.
Note: I don't have much data yet on this but I will be updating and posting this regularly .
With you on more people using ETH to enter into the crypto world. It has a better blockchain then BTC
.......i think it goes through coinbase and gemini and shape shift. Poloniex does have the biggest selection but there are only a few major players that people are seriously purchasing and you can find most on other exchanges.
However maybe there is a correlation between Ether, Ripple and Poloniex because its not on shapeshift or coinbase and there arent any trust worthy ripple wallets
Ethereum deposits/withdrawals are disabled on Poloniex and other exchanges, because of network problems. This caused low trading volume. I write about that https://steemit.com/crypto/@joewing/eth-network-instability-caused-by-ico-and-its-direct-effect-on-price-20
thanks for the info joewing
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kibbjez I see you are still waiting on that whale with the .
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