Compare Cryptocurrency market Daily trading volume to Forex market Daily volume.
Our recently made research shows that Cryptocurrency Trading daily volume is around $7,100,000,000 compare to Forex Trading daily volume is around $5,100,000,000,000. It is hard to even see cryptocurrencies part on this doughnut chart:
It can partially explain why the cryptocurrenci market fluctuate so much, let me give you an example:
Some IOCs raised tens of millions. Let’s say we had an ICO and we raised $100,000,000. We diversify this money and start exchange it into different cryptos on the crypto market. $100,000,000 can cause big market fluctuation on a market where the daily volume “only” $7,100,000,000.
If we would like to achieve the same effect on the Forex market we have to trade $57,464,000,000. It is still 8 times more money than the whole daily cryptocurrency volume.