Bearish response: The Baby Doge Coin price melts by 2% between September 1 and September 7.
Between September 1 - September 7, Baby Doge Coin has been mostly bearish as its price has been in the falling mode. The situation on the BABYDOGE market shows that the underlying asset is currently experiencing a period of low volatility. The price action on the coin's market translated to the decline of market capitalization. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
The price action of Baby Doge Coin is in a stalemate due to low volatility during the observed period. With the average volatility being as low as 0.33%, BABYDOGE was incapable of making any sizable price swings. The peak of the coin's volatility for the given time period was reached on September 5 when this parameter went as low as 4.37%. The weakest volatility level of 0.33% on the asset's market was registered on September 6. Since the current volatility of the crypto coin is low, we expect the price fluctuations of the digital asset at hand to be insignificant.
There were no gains or losses to the BABYDOGE market on September 1, it remained flat. The price action of the coin remained on September 2 as the pushed the price up by 2%. The cautious traders dominated the price action on September 3, with the Baby Doge Coin market remaining flat. On September 4, the value of BABYDOGE was in the range, with the market remaining flat. On September 5, Baby Doge Coin finished the trading day with no changes to the flatlined market. The crypto coin opened the trading session on September 6 at $0.000000001 and finalized it at $0.000000001; the highest point of price action was at $0.0000000012, the lowest was detected at $0.0000000012. On the last day of the reviewed period, the coin was locked between $0.000000001 and $0.000000001, though the price managed to puncture these levels to reach the 24H high at $0.00000000118 and the 24H low at $0.00000000113. The price action on the asset's market during the period between September 1 and September 7 topped at $0.0000000012, while the bottom of the price range was established at $0.0000000011. Baby Doge Coin shaped the $0.00000000003 price range over the week of price action, which constituted the 2% gap between the weekly low and the weekly high.
As for the average trading volume in the time slot between September 1 and September 7, the Baby Doge Coin market registered the change from $3 757 246 to $4 431 386. In order to have a better grasp of the BABYDOGE 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 $4 057 672 to $4 766 854. The average trading volume of the asset fluctuated by 11% by comparison with the previous period, whereas the price change of 2% took place over the same period of time.
The past week saw the market capitalization of Baby Doge Coin making a shift from $191 637 582 on September 1 to $185 392 820 on September 7, the peak for the analyzed period. The percentage change in the total market capitalization of BABYDOGE amounted to 3%. As a consequence of the 3% fluctuation in its market capitalization, the price of the coin changed by 2%. A more precise analysis of the Baby Doge Coin market also requires a comparison with the change in market capitalization from the week before, which amounted to 11% on the back of the move from $214 407 989 to $191 726 921.