May 19 - May 25 price action recap: APENFT sees a weak 1% gain as the buyers take a step back.
The price of APENFT was rising last from May 19 until May 25, giving enough reason to conclude that the market is. The volatility of NFT has been low throughout the reviewed period in correspondence with the price action. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
According to our market analysis, the weak price movement of APENFT was dictated by low volatility. The average volatility of NFT was capped at 0.19%, leading to weak fluctuations in the price of APENFT. Despite the overall weak performance, the volatility of the coin had its highest point at 1.97%. The weakest volatility level of 0.19% on the asset's market was registered on May 24. Since the crypto coin is displaying low levels of volatility, the price action is likely to remain feeble.
There were no gains or losses to the NFT market on May 19, it remained flat. On May 20, the price of the coin has shifted by 1% from the daily open on the back of a good trading volume. During the next trading day, the rate of change in the price of APENFT stood at 1% having reached the low at $0.00000037 and the high at $0.00000037 as the advantage remained on the side of buyers. Over the next trading period (on May 22), NFT was moving up by 2% on the back of a congruous trading volume. May 23 kicked off with APENFT trading opening at $0.0000004 and then closing the session at $0.0000004, establishing the 24H low at $0.00000037 and 24H high at $0.000000377 in the process. While the 24H high and low on May 24 were at $0.00000037 and $0.00000037, respectively, the crypto coin had been traded in the area between the open at $0.0000004 and the close at $0.0000004. The coin's market saw no changes on May 25, as the market flatlined. The price action on the asset's market during the period between May 19 and May 25 topped at $0.00000038, while the bottom of the price range was established at $0.00000036. APENFT shaped the $0.000000002 price range over the week of price action, which constituted the 1% gap between the weekly low and the weekly high.
As for the average trading volume in the time slot between May 19 and May 25, the APENFT market registered the change from $10 698 501 to $7 712 150. A more comprehensive analysis of NFT price action requires the comparison of the trading volume between May 19 and May 25 with that from the preceding week that demonstrated how the trading volume fluctuated between $9 294 340 and $10 864 979. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 7%, and the 1% price shift.
NFT experienced no change in total market capitalization during the past week. The price of the coin was not changed, with a 0% shift in its total market capitalization. APENFT market capitalization from the week before experienced no change, as a result there were no price fluctuations.