Here is a list of 10 cryptocurrencies related to birdeye trading volume filter settings in shortcode format:
Stacks
$0.24
Stellar
$0.16
Binance Coin
$612.41
XRP
$1.39
Here’s a brief explanation of each cryptocurrency:
* DPS (DPoS): A decentralized exchange platform that uses a proof-of-stake (DPoS) consensus algorithm.
* STX (Stellar): A fast and scalable blockchain platform that enables cross-border payments and asset transfers.
* HOT (Holo): A decentralized platform that uses a proof-of-stake consensus algorithm to secure its network and facilitate peer-to-peer transactions.
* XLM (Stellar Lumens): The native cryptocurrency of the Stellar network, used for cross-border payments and other transactions.
* WAVES (Waves Platform): A decentralized platform that allows users to create and trade their own tokens, and integrate them into their own projects.
* ARK (ARK): A cryptocurrency that uses a delegated proof-of-stake (DPoS) consensus algorithm to secure its network and facilitate decentralized applications.
* ICX (Icon): A decentralized platform that uses a combination of proof-of-stake and Byzantine fault tolerance (BFT) consensus algorithms to secure its network and facilitate decentralized applications.
* BNB (Binance Coin): The native cryptocurrency of the Binance exchange, used for trading fees, travel booking, and other services.
* ETC (Ethereum Classic): A fork of the Ethereum blockchain that aims to preserve the original Ethereum protocol and avoid the risks associated with the Ethereum blockchain’s more contentious updates.
* XRP (Ripple): A cryptocurrency used for cross-border payments and asset transfers, and is the native cryptocurrency of the Ripple network.
These cryptocurrencies are related to birdeye trading volume filter settings as they are often used for trading, investing, and other financial activities that involve analyzing and filtering trading volume data.
Quick Facts
| Benefits | Description |
|---|---|
| Avoids Price Manipulation | Filters out low-volume coins that are susceptible to price manipulation, reducing the risk of significant losses. |
| Enhances Liquidity | Focuses on coins with high liquidity, making it easier to buy and sell assets quickly and at the desired price. |
| Improves Trading Efficiency | Streamlines your trading process by eliminating unnecessary noise and distractions. |
| Boosts Profitability | Increases the likelihood of profitable trades by targeting coins with high trading activity. |
Understanding BirdEye Trading Volume Filter Settings
Before we dive into the nitty-gritty of settings, it’s essential to understand the concept of BirdEye trading volume filter settings. Essentially, this tool allows you to set a minimum volume threshold for coins, ensuring that only those with sufficient liquidity appear on your radar. This approach helps you avoid trading in low-volume coins, which can be vulnerable to price manipulation and volatility.
Benefits of BirdEye Trading Volume Filter Settings
So, why should you care about BirdEye trading volume filter settings? Here are some compelling reasons:
Optimizing Your BirdEye Trading Volume Filter Settings
Now that we’ve covered the benefits, let’s explore how to optimize your BirdEye trading volume filter settings for maximum profit.
Setting 1: Minimum Volume Threshold
The minimum volume threshold is the most critical setting in BirdEye trading volume filter settings. This setting determines the minimum required trading volume for a coin to appear on your radar. Here’s a general guideline:
| Minimum Volume Threshold | Description |
|---|---|
| Low Volume (100-1,000) | Suitable for new traders or those trading with small capital. |
| Moderate Volume (1,000-10,000) | Ideal for most traders, offering a balance between liquidity and trading opportunities. |
| High Volume (10,000-50,000) | Best for experienced traders or those trading with large capital, providing top-tier liquidity and high-precision trading. |
Setting 2: Time Frame
The time frame setting determines the duration for which the minimum volume threshold is applied. Common time frames include:
| Time Frame | Description |
|---|---|
| 1H (1 Hour) | Suitable for short-term trading strategies, capturing rapid changes in trading volume. |
| 4H (4 Hours) | Ideal for intraday trading, providing a balance between short-term and mid-term volume analysis. |
| 24H (24 Hours) | Best for mid-term to long-term trading strategies, offering a broader perspective on trading volume. |
Setting 3: Volume Calculation Method
The volume calculation method affects how the minimum volume threshold is calculated. Choose from:
| Volume Calculation Method | Description |
|---|---|
| Simple Volume | Calculates the total trading volume based on the coin’s trading history. |
| Weighted Volume | Takes into account the coin’s trading volume weighted by its price, providing a more accurate representation of market activity. |
Real-Life Example: Optimizing BirdEye Trading Volume Filter Settings
Let’s say you’re a moderately experienced trader looking to capitalize on the recent surge in Ethereum (ETH) prices. You want to apply BirdEye trading volume filter settings to identify lucrative trading opportunities.
Settings:
- Minimum Volume Threshold: 5,000
- Time Frame: 4H
- Volume Calculation Method: Weighted Volume
By applying these settings, you’ll focus on Ethereum coins with a minimum trading volume of 5,000 in the past 4 hours, with the volume calculation method weighted by price. This approach will help you identify high-volume coins with strong liquidity, increasing the likelihood of profitable trades.
Frequently Asked Questions
Frequently Asked Questions
What is Birdeye?
Birdeye is a trading platform that provides advanced filtering and analysis tools for cryptocurrency traders. It helps users identify profitable trading opportunities by filtering out low-volume trades and focusing on high-volume trades that are more likely to be profitable.
What is the significance of trading volume in cryptocurrency trading?
Trading volume is a crucial indicator of market sentiment and liquidity. High trading volume indicates strong interest in a particular cryptocurrency, which can drive up prices. Conversely, low trading volume may indicate a lack of interest, leading to price stagnation or decline.
How does Birdeye’s trading volume filter work?
Birdeye’s trading volume filter allows users to set a minimum and maximum trading volume threshold for cryptocurrency trades. This ensures that only trades with sufficient volume are displayed, helping users focus on the most significant market movements.
What is the difference between market capitalization and trading volume?
Market capitalization (market cap) represents the total value of all outstanding coins in a cryptocurrency’s circulation. Trading volume, on the other hand, refers to the number of coins being bought and sold within a specific time frame. While market cap indicates a cryptocurrency’s overall size, trading volume indicates its liquidity and market activity.
How do I set up Birdeye’s volume filter settings?
To set up Birdeye’s volume filter settings, follow these steps:
- Log in to your Birdeye account and access the dashboard.
- Click on the “Filters” tab and select “Volume” from the dropdown menu.
- Set the minimum and maximum trading volume thresholds using the sliders or input fields.
- Click “Apply” to save your changes.
What are some popular cryptocurrencies to trade with Birdeye?
Birdeye supports a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and many more. You can explore the full list of supported currencies on the Birdeye platform.
How often does Birdeye update its cryptocurrency prices?
Birdeye updates its cryptocurrency prices in real-time, ensuring that users have access to the most up-to-date and accurate market data. This helps traders make informed decisions and stay ahead of market movements.
