September 3 - September 9 price action recap: Baby Doge Coin sees a weak 3% gain as the buyers take a step back.
Between September 3 - September 9, Baby Doge Coin has been mostly as its price has been in the rising mode. The volatility of BABYDOGE has been medium throughout the reviewed period in correspondence with the price action. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
The unfolding situation in the Baby Doge Coin market suggests that the reviewed digital asset is in the stage of mild volatility. The market analysis reveals that the mild average volatility of 6% restrained BABYDOGE 's price swings. The highest point of the coin's volatility reached 7.45% in the analyzed time frame. The price of the asset had fluctuated the least on September 7, when the volatility plummeted to 0.33%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
There were no gains or losses to the BABYDOGE market on September 3, it remained flat. On September 4 the coin market stayed neutral, with no changes in the price. The cautious traders dominated the price action on September 5, with the Baby Doge Coin market remaining flat. BABYDOGE ’s performance during September 6 was the following: the price declined by 4% in conjunction with the acceptable trading volume. Baby Doge Coin finalized the trading day of September 7 at $0.000000001 after opening it at $0.000000001, though the price broke through that corridor to hit the 24H high at $0.00000000118 and the 24H low at $0.00000000113. On September 8, the crypto coin showcased the following price fluctuations: the trading session began at $0.000000001 and then traveled from the low of the day at $0.0000000012 to the high of the day at $0.0000000012, closing at $0.000000001. September 9 presented us with the following price action data: the coin opened the period at $0.000000001 and went on to establish the low at $0.0000000012 and the high of the day at $0.0000000013 before closing the day at $0.000000001. During the reviewed time period, the asset was able to achieve the weekly high at $0.0000000013, though at a certain point, the bear pressurized the price down to the weekly low at $0.0000000011. As a result of price action within the designated time period, the price movement range on the Baby Doge Coin market was established at $0.00000000003 or 3% between the weekly low and the weekly high.
Baby Doge Coin ’s average trading volume on the opening day of the observed time period, September 3, stood at $4 233 468, while on the closing day of the same period, it moved to $4 357 813. 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 $3 757 246 to $4 766 854. The 8% trading volume fluctuation between September 3 and September 9, as compared with the previous period, served as a basis for a 3% price move.
The total capitalization of Bitcoin at the start of the analyzed time period (September 3) amounted to $192 703 868; by the end of that period (September 9), the capitalization went to $183 858 817. BABYDOGE experienced a 5% change in total market capitalization throughout the past seven days. When compared to the price fluctuations during the observed period of time, the 5% market capitalization movement was accompanied by a 3% change in the price of the coin. During the week before the analyzed time frame, the market capitalization of Baby Doge Coin moved by 0% as it went from $194 993 416 to $194 741 729, and gave a better understanding of the general direction in which this market is flowing.