Baby Doge Coin market stayed flat from September 16 - September 22.
Baby Doge Coin portrayed neutral behavior last week, with no changes in the price. The volatility of BABYDOGE has been low throughout the reviewed period in correspondence with the price action. The asset saw its market capitalization falling over the reviewed period together with its price. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
The analysis of events on the Baby Doge Coin market shows that the cryptocurrency under review is experiencing a period of low volatility. The average volatility of BABYDOGE was capped at 0.09%, leading to weak fluctuations in the price of Baby Doge Coin. In the period between September 16 and September 22, the volatility of the coin peaked at 0.09%. The weakest volatility level of 0.09% on the asset's market was registered on September 21. The crypto coin's low volatility of 0.09% points to the weakness of all market participants.
Baby Doge Coin began the day on September 16 at $0.000000001, while the broad background was bearish. On September 16, the first trading session of the reviewed time period, the market participants saw BABYDOGE moving down by 3%. The 2% move in the upward direction took place on the second day after the weekly open. Baby Doge Coin posted the interim low at $0.00000000111 on September 18 and then moved down by 3% and peaked at $0.00000000115. On September 20, BABYDOGE market moved by 4% in the bearish direction in concert with the trading volume. On September 20, Baby Doge Coin finished the trading day with no changes to the flatlined market. On September 21, 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 $0.0000000011 to the high of the day at $0.0000000011, closing at $0.000000001. September 22 presented us with the following price action data: the coin opened the period at $0.000000001 and went on to establish the low at $0.000000001 and the high of the day at $0.0000000011 before closing the day at $0.000000001. 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 Baby Doge Coin market flatlining.
The past 7 days were marked by a change in average daily trading volume from $4 296 906 on September 16 to $4 954 321 on September 22. We can draw the comparison with the period of 7 days that preceded the reviewed one when BABYDOGE ’s trading volume varied from $4 266 277 to $5 956 924. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 17%, and the 0% price shift.
The total market capitalization of Baby Doge Coin during the past 7-day oscillated between $182 561 489, the starting point that was established on September 16, and $169 515 328 on September 22, the end date of the reviewed period. 7% was the calculated percentage change for the BABYDOGE market over the past week. When compared to the price fluctuations during the observed period of time, the 7% market capitalization movement was accompanied by a 0% change in the price of the coin. 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 1% on the back of the move from $183 858 817 to $186 126 206.