Alchemy Pay

Alchemy Pay market stayed flat from May 18 - May 24.

Alchemy Pay portrayed neutral behavior last week, with no changes in the price. The price swings of ACH pointed to the presence of medium volatility. The asset saw its market capitalization growing over the reviewed period together with its price. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.

The situation on the Alchemy Pay market allows us to characterise its volatility as mild. During the reviewed period, the volatility of ACH was in the middle register, averaging at 8%. The volatility of the coin reached its highest point at 9.44% during the observed period. 1.23% was the rock bottom for the asset's volatility that was reached on May 22. The crypto coin's market didn't put up any surprises due to mild average volatility of 8%.

During the opening day on May 18, ACH has had a 5% move to the downside. May 19 saw the coin going another 1% since the open, supported by the corresponding trading volume. Alchemy Pay posted the interim low at $0.026 on May 20 and then moved down by 1% and peaked at $0.027. Over the next trading period (on May 21), ACH was moving down by 1% on the back of a congruous trading volume. The price range of Alchemy Pay on May 22 formed between $0.03 and $0.03, whereas the daily price extremities were $0.025 and $0.028. The crypto coin opened the trading session on May 23 at $0.03 and finalized it at $0.03; the highest point of price action was at $0.03, the lowest was detected at $0.028. Most trading activity on May 24 occurred in the space between $0.03 and $0.03; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.026, though the bulls had also staged the rally to the 24H high at $0.029. Throughout the reviewed time period, no changes were observed on the asset's market. There was no difference between the lowest and highest price points for the observed week, with the Alchemy Pay market flatlining.

Over the period of the last 7 days, May 18 to May 24, Alchemy Pay saw its average trading volume fluctuate between $38 748 863 and $39 071 701. In order to have a better grasp of the ACH market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $12 842 098 to $46 540 757. The average trading volume of the asset fluctuated by 19% by comparison with the previous period, whereas the price change of 0% took place over the same period of time.

The change in the total market capitalization of Alchemy Pay from May 18 to May 24 was as follows: on May 18, the capitalization was at $137 153 136, while on May 24, it reached the level of $138 641 043. ACH experienced a 1% change in total market capitalization throughout the past seven days. The 1% change in the coin's market capitalization affected the price rate that saw a 0% shift in the same time period. A better understanding of the lay of the land on the Alchemy Pay market requires a comparison with the preceding week when the total market capitalization of Alchemy Pay changed by 15% as it went from $118 595 417 to $137 153 136.

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Article date: May 24 | May 18 - 24

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