Market analysis September 29 - October 5 : Baby Doge Coin posts a 11% rally.
The upward movement of the Baby Doge Coin price last week indicates the chosen market is bullish. The volatility associated with the BABYDOGE market was medium, as were its price fluctuations. The market capitalization of the asset has been increasing in concert with the price of the coin. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
Baby Doge Coin has been moving reservedly on the backdrop of average volatility. The market analysis reveals that the mild average volatility of 11% restrained BABYDOGE 's price swings. The coin has hit the highest point of volatility on September 29. The price of the asset had fluctuated the least on October 3, when the volatility plummeted to 0.26%. The crypto coin's market didn't put up any surprises due to mild average volatility of 11%.
There were no gains or losses to the BABYDOGE market on September 29, it remained flat. September 30 saw the coin going another 8% since the open, supported by the corresponding trading volume. The bulls dominated the price action during the following trading period as the price drifted 1% to the upside, having established the low for the reviewed time frame at $0.00000000123, while the high was recorded at $0.00000000129. BABYDOGE ’s performance during October 2 was the following: the price declined by 1% in conjunction with the acceptable trading volume. October 3 kicked off with Baby Doge Coin trading opening at $0.000000001 and then closing the session at $0.000000001, establishing the 24H low at $0.0000000012 and 24H high at $0.0000000014 in the process. The activity on the crypto coin's market on October 4 resulted in the asset being traded between $0.000000001, the open of the day, and $0.000000001, the close of the day; at some point, the price spiked to the daily high at $0.0000000014 and briefly dropped to the daily low at $0.0000000014. Between the 24H high at $0.0000000014 and the 24H low at $0.0000000013, the coin was traded in the $0.000000001 - $0.000000001 price corridor. During the reviewed time period, the asset was able to achieve the weekly high at $0.0000000014, though at a certain point, the bear pressurized the price down to the weekly low at $0.0000000011. Baby Doge Coin shaped the $0.0000000001 price range over the week of price action, which constituted the 11% gap between the weekly low and the weekly high.
Over the period of the last 7 days, September 29 to October 5, Baby Doge Coin saw its average trading volume fluctuate between $3 659 233 and $9 437 030. During the week before September 29, the trading volume of BABYDOGE flowed from $3 592 750 to $4 954 321. The 40% trading volume fluctuation between September 29 and October 5, as compared with the previous period, served as a basis for a 11% price move.
The total capitalization of Bitcoin at the start of the analyzed time period (September 29) amounted to $182 546 623; by the end of that period (October 5), the capitalization went to $213 118 617. The percentage change in the total market capitalization of BABYDOGE amounted to 17%. The said 17% percentage change in market capitalization of the coin was accompanied by the 11% fluctuation in the price of the underlying asset. During the week before the analyzed time frame, the market capitalization of Baby Doge Coin moved by 7% as it went from $169 515 328 to $182 182 421, and gave a better understanding of the general direction in which this market is flowing.