The buyers controlled the ARC Governance market between August 28 and September 3 as the price grew by 10%.

The price of ARC Governance was rising last from August 28 until September 3, giving enough reason to conclude that the market is bullish. The price swings of ARCX pointed to the presence of medium volatility. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.

The price action of ARC Governance has been contained due to modest volatility. The average volatility of 10% was the reason why the price of ARCX didn't put up any significant gains. The coin was the most volatile on August 28, when the range of its price fluctuations reached 11.23%. On September 1, the volatility of the asset was at its minimum at 0.38%. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 10%.

On August 28, the first trading session of the reviewed time period, the market participants saw ARCX moving down by 4%. The coin market was up by 18% on August 29, the second day of the reviewed time period. The bears dominated the price action during the following trading period as the price drifted 11% to the downside, having established the low for the reviewed time frame at $0.07, while the high was recorded at $0.08. The ARCX market was up as the price shifted by 10% on August 31, against the backdrop of the sufficient trading volume. After the open at $0.08, ARC Governance moved during September 1 in the range between the said open and the close at $0.08, having posted the 24H low at $0.08 and the 24H high at $0.08. The trading period on September 2 saw the crypto coin forming the price amplitude between the open at $0.11 and the close at $0.09, also interacting with $0.09 (24H low) and $0.09 (24H high). On the last day of the reviewed period, the coin was locked between $0.09 and $0.08, though the price managed to puncture these levels to reach the 24H high at $0.089 and the 24H low at $0.081. Over the course of all trading sessions, the asset established the weekly low at $0.07 while buyers managed to push the price up to the weekly high at $0.11. ARC Governance bounced 10% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.007.

The past 7 days were marked by a change in average daily trading volume from $21 641 on August 28 to $5 965 on September 3. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the ARCX market had its volume ranging between $1 075 and $80 041. The asset demonstrated an 68% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 10%.

The change in the total market capitalization of ARC Governance from August 28 to September 3 was as follows: on August 28, the capitalization was at $2 713 236, while on September 3, it reached the level of $3 239 440. When translated to percentage rate, the market capitalization of ARCX over the past week adjusted by 19%. As a consequence of the 19% fluctuation in its market capitalization, the price of the coin changed by 10%. In the preceding week, August 21 - August 27, the market capitalization of ARC Governance got a 63% adjustment ($1 895 672 to $3 098 162) in comparison to a 19% change last week; this allows getting a deeper insight into the market structure.

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Article date: September 3 | August 28 - September 3

Market reviews for similar coins for August 28 - September 3