The market crumbled last week (May 2 - May 8) as Casper Network lost 14%.
Casper Network has been last week as its price has been predominantly falling. The situation on the CSPR market shows that the underlying asset is currently experiencing a period of medium volatility. There has been a fall in the market capitalization of the asset during the period under review. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
While the volatility remains restrained, Casper Network isn't making any explosive moves. The average volatility of 9% was the reason why the price of CSPR didn't put up any significant gains. The most significant volatility occurred on May 2 and reached 12.35%. The asset saw its volatility drop to the lowest level for the given period on May 6 as it shrank to 0.55%. Since the volatility of 9% can be deemed as mild, the crypto coin's market can be characterised as composed.
The price of CSPR took a 3% up upswing at the open of the weekly trading period. On May 3, the price of the coin has shifted by 4% from the daily open on the back of a good trading volume. During the next trading day, the rate of change in the price of Casper Network stood at 3% having reached the low at $0.06 and the high at $0.06 as the advantage remained on the side of buyers. On May 5, the value of CSPR was in the range, with the market remaining flat. The price oscillation of Casper Network on May 6 was in the $0.06 - $0.06 range; at the same time, the price stretched out to reach the 24H low at $0.06 and the 24H high at $0.06. On May 7, 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 $0.056 to the high of the day at $0.059, closing at $0.06. The coin found the deepest trough (24H low) at $0.051 on May 8 and then exploded to the ceiling (24H high) at $0.059; the price range for that day was between $0.06 and $0.05. During the reviewed time period, the asset was able to achieve the weekly high at $0.06, though at a certain point, the bear pressurized the price down to the weekly low at $0.05. Casper Network shaped the $0.009 price range over the week of price action, which constituted the 14% gap between the weekly low and the weekly high.
As for the average trading volume in the time slot between May 2 and May 8, the Casper Network market registered the change from $19 230 025 to $11 332 744. Over the week that came before the analyzed time span, the average trading volume of CSPR ranged between $10 533 238 and $19 936 543. The asset demonstrated an 1% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 14%.
Casper Network had its total market capitalization change from $650 539 707 on May 2 to $622 236 691 on May 8, the end of the examined time frame. Percentage-wise, the market capitalization of CSPR has shifted by 4% in the past week. When compared to the price fluctuations during the observed period of time, the 4% market capitalization movement was accompanied by a 14% change in the price of the coin. The comparison with the Casper Network market capitalization seen during the time period April 25 - May 1 that occurred before the observed one, which changed by 27%, from $549 779 728 to $696 204 589, allows us to get a clearer understanding of current market conditions.