Market review from February 1 to February 7 : Badger DAO gets a 7% price appreciation.
The bullish behavior of Badger DAO last week was characterized by the occurrence of upswings. The volatility of BADGER has been medium throughout the reviewed period in correspondence with the price action. The market capitalization of the asset has been increasing in concert with the price of the coin. 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. Given that the average volatility on the BADGER market didn't exceed 5%, the price action remained limited. The volatility of the coin reached its highest point at 7.64% during the observed period. On February 5, the volatility of the asset was at its minimum at 1.58%. Since the volatility of 5% can be deemed as mild, the crypto coin's market can be characterised as composed.
During the opening day on February 1, BADGER has had a 2% move to the downside. February 2 saw the coin going another 5% since the open, supported by the corresponding trading volume. The bears dominated the price action during the following trading period as the price drifted 2% to the downside, having established the low for the reviewed time frame at $3.08, while the high was recorded at $3.23. BADGER ’s performance during February 4 was the following: the price increased by 4% in conjunction with the acceptable trading volume. Badger DAO finalized the trading day of February 5 at $3.1 after opening it at $3.25, though the price broke through that corridor to hit the 24H high at $3.33 and the 24H low at $3.1. On February 6, the crypto coin showcased the following price fluctuations: the trading session began at $3.1 and then traveled from the low of the day at $3.09 to the high of the day at $3.18, closing at $3.17. Between the 24H high at $3.3 and the 24H low at $3.12, the coin was traded in the $3.19 - $3.22 price corridor. The highest point of the price action over the week was at $3.33 - the weekly low during the same period was established at $2.99. The difference between the lowest and the highest price points for the week was 7%, as the price moved in the $0.21 wide corridor.
The trading activity on the Badger DAO market over the past week - February 1 to February 7 - generated the average trading volume that went from $4 485 115 to $3 331 989. We can draw the comparison with the period of 7 days that preceded the reviewed one when BADGER ’s trading volume varied from $2 594 654 to $25 651 856. Percentage-wise, the trading volume of the asset changed by 38%, in comparison to the previous period, while its price experienced a 7% adjustment.
The past week saw the market capitalization of Badger DAO making a shift from $58 200 092 on February 1 to $59 022 244 on February 7, the peak for the analyzed period. Percentage-wise, the market capitalization of BADGER has shifted by 1% in the past week. The 1% change in the coin's market capitalization affected the price rate that saw a 7% shift in the same time period. The comparison with the Badger DAO market capitalization seen during the time period January 25 - January 31 that occurred before the observed one, which changed by 8%, from $53 093 112 to $57 308 216, allows us to get a clearer understanding of current market conditions.