0x showed a moderate 9% growth between November 17 and November 23.
The price of 0x was rising last from November 17 until November 23, giving enough reason to conclude that the market is. The situation on the ZRX market shows that the underlying asset is currently experiencing a period of medium volatility. The market capitalization of the asset has been increasing in concert with the price of the coin. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
The unfolding situation in the 0x market suggests that the reviewed digital asset is in the stage of mild volatility. We established that ZRX didn't showcase any significant price action due to the market's mild average volatility of 5%. The volatility of the coin reached its highest point at 4.96% during the observed period. The asset's volatility was at its lowest on November 21 when it dropped to 0.14%. The mild volatility registered on the crypto coin's market over the said period allows us to expect moderate price movements in both directions without significant breakouts.
The first day of price action was marked by the 1% move to the upside from the point where the trading session opened. On November 18 the coin market stayed neutral, with no changes in the price. 0x posted the interim low at $0.18 on November 19 and then moved up by 5% and peaked at $0.19. On November 20, the value of ZRX was in the range, with the market remaining flat. The developments on the 0x market on November 21 started with the price opening at $0.19 and subsequently moving to $0.18, the close of the day, while dropping to the 24H low at $0.18 and spiking to the 24H high at $0.18. The trading period on November 22 saw the crypto coin forming the price amplitude between the open at $0.18 and the close at $0.19, also interacting with $0.18 (24H low) and $0.18 (24H high). On the last day of the reviewed period, the coin was locked between $0.19 and $0.2, though the price managed to puncture these levels to reach the 24H high at $0.196 and the 24H low at $0.191. The highest point of the price action over the week was at $0.2 - the weekly low during the same period was established at $0.18. The difference between the lowest and the highest price points for the week was 9%, as the price moved in the $0.02 wide corridor.
As for the average trading volume in the time slot between November 17 and November 23, the 0x market registered the change from $10 732 043 to $8 938 178. Over the week that came before the analyzed time span, the average trading volume of ZRX ranged between $9 795 454 and $28 868 638. The average trading volume of the asset fluctuated by 39% by comparison with the previous period, whereas the price change of 9% took place over the same period of time.
The change in the total market capitalization of 0x from November 17 to November 23 was as follows: on November 17, the capitalization was at $153 703 099, while on November 23, it reached the level of $162 419 829. 6% was the calculated percentage change for the ZRX market over the past week. While the market capitalization of the coin was altered by 6%, its price has made a 9% change. The comparison with the 0x market capitalization seen during the time period November 10 - November 16 that occurred before the observed one, which changed by 14%, from $139 179 739 to $158 780 391, allows us to get a clearer understanding of current market conditions.