Market depth analysis of Ethereum Classic (etc.) in context
The cryptocurrency market has experienced rapid growth and volatility in recent years, and many Altcoin and tokens are doing well. Among them, Ethereum Classic (etc.) was previously interested in investors looking for alternative property with traditional cryptocurrency, such as Bitcoin (BTC). One of the main aspects of the success of the ETC is its ability to maintain market depth, which refers to a measure where liquidity is available on the market.
Market depth: liquid measurement
Liquidity in cryptocurrency markets can be measured with several indicators. Market depth analysis provides a toning view than simple measurement data such as trade volume or price movement. It is estimated that assets can be easily purchased and sold, taking into account various factors, such as the size of the order book, the spread of offers and the time of the transaction.
Ethereum classical market depth analysis (etc.)
In context, etc. Market depth analysis offers a valuable insight into its trade activity. As one of the oldest and most stable Altcoin, etc. He collected a strong reputation to maintain liquidity in his markets. Here’s how to analyze market depth of ITD:
1
Book size to order : The larger size of the book indicates greater liquidity. To evaluate this, see the maximum number of posts that can be exchanged or platform. Etc. In the case of major order books, there are usually leading exchanges such as Binance and Kraken.
- Expanding to get a gigance : What is the addition is the difference between the highest price the buyer wants to pay (offer) and the lowest price the seller wants to accept (ask). Bid-narrower expansion indicates greater liquidity. The ITC with offers is relatively stable and prices fluctuate about 2-5 pips.
3
Business times : Business time refers to how much time it takes to confirm the team and resolve the market. A faster transaction time indicates a better market depth. The average transaction time is about 4-5 seconds, which is competitive with other Altcoins.
- Order Flow : Procedure flow analysis reveals the direction of market sensation. If many orders are made in one direction (such as shopping), this may indicate a strong market demand for this property. In contrast, if a large number of orders come into the market, this could indicate market volatility.
Examples of depth analysis in the market, etc.
To illustrate how market depth analysis can be applied, etc., consider the following examples:
* Binance vs. Kraken : 2020. Binance was significantly liquid from the Kraken store, etc. The largest book order book reached more than 50 million transactions, while Kraken’s maximum craft swam about 10-20 million.
* Exchange Book Book
: Study CoinMarketcap has found that etc. There are the following book sizes:
+ Binance: 1.3 billion crafts
+ Kraken: 540 million crafts
+ Huobi Pro: 290 million crafts
+ Okex: 220 million crafts
Conclusion
Market depth analysis in the Ethereum Classic context offers a comprehensive understanding of its trading activity and liquidity. By checking various measurement data, such as order book size, expansion of bids, transaction flows and orders, investors can get an insight into the Dynamics of the ETC market and make deliberate purchases and sales decisions.
As the cryptocurrency market continues to develop, it is important for investors to remain in market depth analysis in other altkoins. In doing so, I can position success in the permanent changing market landscape.