Buyers kept pushing the Casper Network market to the upside between April 26 and May 2 as the price increased by 7%.
The bullish behavior of Casper Network last week was characterized by the occurrence of upswings. CSPR has been going through a period of medium volatility, which fell in line with the occurred price changes. The market capitalization of the asset has been increasing in concert with the price of the coin. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
Casper Network has been moving reservedly on the backdrop of average volatility. Our comprehensive data indicates that the price change of CSPR has been moderate on the back of the average volatility of 8% for the given time period. The coin was the most volatile on April 26, when the range of its price fluctuations reached 10.82%. The asset has been the least volatile on April 30; at this time, the volatility stood at 1.26%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
On April 26, the Casper Network market opened at $0.05, preceded by a period of bullish action. On April 26, the first trading session of the reviewed time period, the market participants saw CSPR moving up by 11%. April 27 saw the coin going another 2% since the open, supported by the corresponding trading volume. During the following trading period on April 28, the price of Casper Network oscillated between the low at $0.053 and the high at $0.055, while the price moved down by 2%. On April 30, CSPR market moved by 4% in the bullish direction in concert with the trading volume. The price range of Casper Network on April 30 formed between $0.06 and $0.06, whereas the daily price extremities were $0.057 and $0.06. On May 1, the crypto coin showcased the following price fluctuations: the trading session began at $0.06 and then traveled from the low of the day at $0.06 to the high of the day at $0.06, closing at $0.06. Most trading activity on May 2 occurred in the space between $0.06 and $0.06; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.058, though the bulls had also staged the rally to the 24H high at $0.06. Over the course of all trading sessions, the asset established the weekly low at $0.05 while buyers managed to push the price up to the weekly high at $0.06. Casper Network shaped the $0.004 price range over the week of price action, which constituted the 7% gap between the weekly low and the weekly high.
Over the period of the last 7 days, April 26 to May 2, Casper Network saw its average trading volume fluctuate between $11 864 976 and $19 230 025. Over the week that came before the analyzed time span, the average trading volume of CSPR ranged between $10 428 143 and $16 648 632. Percentage-wise, the trading volume of the asset changed by 10%, in comparison to the previous period, while its price experienced a 7% adjustment.
Bitcoin began the observed period April 26 - May 2, with the market capitalization of $563 397 786 and finalized it at the market capitalization level of $650 539 707. The percentage change in the total market capitalization of CSPR amounted to 15%. The said 15% percentage change in market capitalization of the coin was accompanied by the 7% fluctuation in the price of the underlying asset. A more precise analysis of the Casper Network market also requires a comparison with the change in market capitalization from the week before, which amounted to 12% on the back of the move from $627 330 199 to $549 779 728.