Is high volume good for cryptocurrency?

Is it true that high trading volume in cryptocurrency markets is a sign of market health and potential growth? Or could it simply indicate speculative activity and market manipulation? How do we differentiate between genuine market interest and artificial volume inflation? Could high volume actually be a double-edged sword, attracting both investors and speculators, while also making the market more volatile and unpredictable? What factors should investors consider when evaluating the significance of trading volume in cryptocurrency?