BitDAO(bit)market reviews and price predictions

BitDAO market statement for 2022-11-23

Yesterday the price of bit stood at $0.29. The market capitalization of the asset was $300 850 485. BitDAO’s volatility was established at 5.04%. The trading volume of the coin reached $4 765 779.

BitDAO prognosis for the next days:

We estimate the price of BitDAO to be $0.27 tomorrow 2022-11-29 and $0.31 on 2022-12-05;

We estimate the market capitalization of BitDAO to reach $323 583 523 tomorrow 2022-11-29 and $314 410 190 on 2022-12-01;

We estimate the volatility of BitDAO to become 0.65% tomorrow 2022-11-29 and 2.07% on 2022-12-01;

We estimate the trading volume of BitDAO to amount to $10 870 723 tomorrow 2022-11-29 and $7 974 412 on 2022-12-01.

Our recommendation for the pair BIT/USD for tomorrow, 2022-11-29, to buy.

BitDAO(bit)week price prediction
8%
Price
Volatility
Capitalization
Volume
Oct 30Nov 06Nov 13Nov 20Nov 27Oct 30Nov 06Nov 13Nov 20Nov 270.300.350.400.450.300.350.400.45
Today's review

Slightly bearish : traders witnessed BitDAO moving down 3% from November 17 till November 23.

BitDAO has been bearish last week as its price has been predominantly falling. BIT was caught in a period of medium volatility, which was reflected in its price action. The asset saw its market capitalization falling over the reviewed period together with its price. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.

Latest reviews

Bearish price action on November 16 to November 22 resulted in BitDAO by 8%.

Between November 16 - November 22, BitDAO has been mostly bearish as its price has been in the falling mode. The situation on the BIT market shows that the underlying asset is currently experiencing a period of medium volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

BitDAO lost 10% in the period November 15 - November 21 as a result of selling pressure.

The bearish behavior of BitDAO last week was characterized by the occurrence of downswings. BIT was caught in a period of medium volatility, which was reflected in its price action. The price action on the coin's market translated to the decline of market capitalization. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

BitDAO retraces by 4% in the period November 14 - November 20 as the market turns slightly bearish.

The price of BitDAO was falling last from November 14 until November 20, giving enough reason to conclude that the market is bearish. The situation on the BIT market shows that the underlying asset is currently experiencing a period of low volatility. The asset saw its market capitalization falling over the reviewed period together with its price. The price action of the crypto coin last week took place on the back of decreased trading volume.

BitDAO slid down by 2% last week (November 13 - November 19) as the sellers pushed back.

The downward movement of the BitDAO price last week indicates the chosen market is bearish. The volatility of BIT has been low throughout the reviewed period in correspondence with the price action. There has been a fall in the market capitalization of the asset during the period under review. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.

BitDAO retraces by 3% in the period November 12 - November 18 as the market turns slightly bearish.

The bearish behavior of BitDAO last week was characterized by the occurrence of downswings. The volatility associated with the BIT market was low, as were its price fluctuations. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin last week took place on the back of decreased trading volume.

November 10 - November 16 price action review: BitDAO goes down by 10%.

BitDAO has been last week as its price has been predominantly falling. BIT has been going through a period of medium volatility, which fell in line with the occurred price changes. There has been a rise in the market capitalization of the asset during the period under review. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.

Restrained price action on November 9 to November 15 as BitDAO moves up by only 3%.

BitDAO has been bearish last week as its price has been predominantly rising. The volatility associated with the BIT market was medium, as were its price fluctuations. The asset saw its market capitalization falling over the reviewed period together with its price. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

The market crumbled last week (November 7 - November 13) as BitDAO lost 25%.

The bearish behavior of BitDAO last week was characterized by the occurrence of downswings. The volatility associated with the BIT market was medium, as were its price fluctuations. The asset saw its market capitalization falling over the reviewed period together with its price. The price action of the crypto coin from last week stemmed from the decreasing trading volume.

The November 6 - 12 market report: BitDAO plunges by 27% as sellers apply more pressure.

The bearish behavior of BitDAO last week was characterized by the occurrence of downswings. The volatility of BIT has been medium throughout the reviewed period in correspondence with the price action. There has been a fall in the market capitalization of the asset during the period under review. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.

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