MaidSafe Trading Volume Dominated By Bitcoin Despite Overall Dip

MaidSafe remains a very intriguing project, and the token is being traded across many exchanges as well. Some people might be wondering where all of the trading volume is coming from, and what this means for the price in the next few days. There are some interesting facts to take note of, that much is certain.

An Overview of MaidSafe Trading

TheMerkle_Exchange Volume Maidsafe

MaidSafe is one of the very few cryptocurrencies which is being traded against multiple currencies. Bitcoin is the leading trading pair, as one would come to expect, but Monero users can also trade against Maid directly. However, the XMR trading market is not overly attractive as of late, with just 0.09% of the 24-hour volume.

Two main exchanges are competing2 for MaidSafe trading volume right now, as both Poloniex and Bittrex offer trading pairs. Similar to most other cryptocurrency markets, Poloniex is taking up the majority of volume, with 99.33% at the time of writing. Bittrex is trying to put up a valiant fight, though, but they do not really stand a chance right now.

Over the past month, MaidSafe has seen more downs than up regarding daily trading volume. There was a noticeable peak on May 10, May 17, and June 1st. But for the most part, there is very little trading volume to take notice of, as some days in the past month did not even see the volume surpass 1 million Maid.

Or to be more precise, the trading volume against Bitcoin is going through these ups and downs. On the Monero side of things, there are more ups than downs these past thirty days. In fact, June 1st was a pretty good day, with over 50,000 Maid in volume on that day. As stated before, this is only a drop of water on a boiling plate, though.

The big question is whether or not Maid will gain in value over the next few days or not. We do a thorough technical analysis of this cryptocurrency on the site, so make sure to read that through. Prices are down by quite a margin over the past month, with a 14.7% loss in value.

Source: CryptoCompare

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