Market review from January 25 to January 31 : Badger DAO gets a 10% price appreciation.
The bullish behavior of Badger DAO last week was characterized by the occurrence of upswings. BADGER was caught in a period of medium volatility, which was reflected in its price action. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The price action of the crypto coin from last week stemmed from the increasing trading volume.
Badger DAO has been moving reservedly on the backdrop of average volatility. The average volatility of 13% was the reason why the price of BADGER didn't put up any significant gains. The coin was the most volatile on January 25, when the range of its price fluctuations reached 16.14%. The asset saw its volatility drop to the lowest level for the given period on January 29 as it shrank to 0.98%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
The losses of BADGER after the weekly open on January 25 amounted to 4%. On January 26, the price of the coin has shifted by 2% from the daily open on the back of a good trading volume. During the following trading period on January 27, the price of Badger DAO oscillated between the low at $2.82 and the high at $2.93, while the price moved up by 2%. On January 29, BADGER market moved by 2% in the bearish direction in concert with the trading volume. January 29 kicked off with Badger DAO trading opening at $2.85 and then closing the session at $3.31, establishing the 24H low at $2.83 and 24H high at $3.31 in the process. While the 24H high and low on January 30 were at $3.46 and $3.07, respectively, the crypto coin had been traded in the area between the open at $3.33 and the close at $3.07. Between the 24H high at $3.12 and the 24H low at $2.97, the coin was traded in the $3.01 - $3.1 price corridor. The highest point of the price action over the week was at $3.46 - the weekly low during the same period was established at $2.77. The difference between the lowest and the highest price points for the week was 10%, as the price moved in the $0.27 wide corridor.
The trading activity on the Badger DAO market over the past week - January 25 to January 31 - generated the average trading volume that went from $4 101 983 to $13 217 306. In order to have a better grasp of the BADGER 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 $2 010 662 to $11 204 663. The average trading volume of the asset fluctuated by 68% by comparison with the previous period, whereas the price change of 10% took place over the same period of time.
Bitcoin began the observed period January 25 - January 31, with the market capitalization of $53 093 112 and finalized it at the market capitalization level of $57 308 216. The rate of percentage change for the last week for BADGER was 8%. The said 8% percentage change in market capitalization of the coin was accompanied by the 10% fluctuation in the price of the underlying asset. In the preceding week, January 18 - January 24, the market capitalization of Badger DAO got a 12% adjustment ($49 755 455 to $55 567 353) in comparison to a 8% change last week; this allows getting a deeper insight into the market structure.