Analysis of market depths in the context of Ethereum Classic (etc.)
The crypto -market market has seen rapid growth and volatility in recent years, with many altcoin and tokens working well. Among them, Ethereum Classic (etc) was the subject of interest of investors seeking alternative assets to traditional cryptomes such as Bitcoin (BTC). The key aspect of the success of ETC is its ability to maintain the depth of the market, which concerns the extent to which liquidity is available on the market.
Market depth: Liquidity measure
The liquidity in the cryptomena markets can be measured using several indicators. The market depth analysis provides a more detailed look than simple metrics such as negotiating or prices. Evaluate the ease with which the assets can buy and sell, taking into account several factors, such as the size of orders, offers and times of transaction.
Mercado depth analysis in Ethereum Classic (etc)
In context, etc. The market depth analysis offers valuable information about its business. As one of the oldest and most stable altcoins, etc. He built a strong reputation to maintain liquidity in his markets. Here we will show you how to analyze the depth of the market in etc.:
- To evaluate this, check out the maximum number of operations that can be done on an exchange or platform. In case of etc. The largest books of orders are usually the books of the main exchanges such as Binance and Kraken.
IDB-SKY
: Delivery and Re REP is the difference between the highest price as the buyer is willing to pay (offer) and the lowest price as the seller is willing to accept (ask). The narrower supply supply indicates greater liquidity. ETC offers differences are relatively stable and prices are around 2-5 pip.
Transaction times
: Transaction times are how long it takes to confirm and resolve the order in the market. Faster transaction times indicate a better market depth. Average transaction time, etc. It is about 4 to 5 seconds, which is competitive with other alternatives.
Order flow : Order flow analysis reveals the direction of the market feeling. If many orders are made at one address (for example, buying), you can indicate a strong demand for this assets. Conversely, if a large number of orders enters or leaves the market, it may indicate market volatility.
Examples of market depth analysis, etc.
To illustrate how it is possible to apply the market depth analysis, etc., Consider the following examples:
* Binance vs. Kraken : In 2020, Binance was significantly more fluid than Kraken, etc. Binance's largest orders have reached more than 50 million operations, while the maximum number of Kraken operations was around 10-20 million.
* The size of the request of the request by Exchanes : CoinmarketCap studies found that etc. I had the following size books of orders:
+ Binance: 1.3 billion operations
+ Kraken: 540 million operations
+ Huobi Pro: 290 million operations
+ OKEX: 220 million stores
Conclusion
In -depth market analysis in the context of Classic Ethereum Classic offers a more complete understanding of its business and liquidity. When examining several metrics, such as order sizes, they offer differences, transaction times and order flow, investors can get information about the ETC market dynamics and make more information about purchasing and sales.
Since the crypto -market market is constantly evolving, it is essential that investors remain updated by means of a market depth analysis in other alternatives. In doing so, they can be successful on the constant market on the market.