Bitcoin Forum

Economy => Service Discussion => Topic started by: markcolls on January 05, 2024, 05:52:46 AM



Title: Is the "volume" on livecoinwatch.com the 24-hour volume?
Post by: markcolls on January 05, 2024, 05:52:46 AM
If you go to https://www.livecoinwatch.com/price/Bitcoin-BTC, then switch to 24H view, you will see price and volume information change every 5 minutes. I have two questions regarding this:
  • Is the volume information the total volume of transactions conducted in the last 24 hours?
  • Why is their value so much different than coinmarketcap and coingecko?


Title: Re: Is the "volume" on livecoinwatch.com the 24-hour volume?
Post by: hosseinimr93 on January 05, 2024, 07:24:29 AM
  • Is the volume information the total volume of transactions conducted in the last 24 hours?
Yes.

  • Why is their value so much different than coinmarketcap and coingecko?
The total 24 hour volume displayed on each of those websites is the sum of the 24 hour volumes in the bitcoin markets they are tracking.
Coinmarketcap and Coingecko track more bitcoin markets and the total 24 hour volumes reported by them are bigger than livecoinwatch.


Title: Re: Is the "volume" on livecoinwatch.com the 24-hour volume?
Post by: dkbit98 on January 05, 2024, 04:46:55 PM
Why is their value so much different than coinmarketcap and coingecko?
CMC: $34,54 Billion
CG: $31,97 Billion
LCW: $21.4 Billion

They all have totally different values for everything, including 24h volume, probably because they are tracking different exchanges.
I wouldn't fully trust any of this website, and coinmarketcap is owned by binance so I would trust their numbers even less.



Title: Re: Is the "volume" on livecoinwatch.com the 24-hour volume?
Post by: markcolls on January 06, 2024, 07:13:04 AM
  • Is the volume information the total volume of transactions conducted in the last 24 hours?
Yes.

  • Why is their value so much different than coinmarketcap and coingecko?
The total 24 hour volume displayed on each of those websites is the sum of the 24 hour volumes in the bitcoin markets they are tracking.
Coinmarketcap and Coingecko track more bitcoin markets and the total 24 hour volumes reported by them are bigger than livecoinwatch.

THANK YOU!!  ;D



Why is their value so much different than coinmarketcap and coingecko?
CMC: $34,54 Billion
CG: $31,97 Billion
LCW: $21.4 Billion

They all have totally different values for everything, including 24h volume, probably because they are tracking different exchanges.
I wouldn't fully trust any of this website, and coinmarketcap is owned by binance so I would trust their numbers even less.




THANK YOU!!  ;D