May 18 - May 24 price action recap: Casper Network sees a weak 3% gain as the buyers take a step back.

The behavior of Casper Network last week was characterized by the occurrence of upswings. The situation on the CSPR market shows that the underlying asset is currently experiencing a period of low volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.

The volatility is low on the Casper Network market, as the latest data suggests. The average volatility of CSPR was as low as 0.99%, causing the dull price action. Despite the overall weak performance, the volatility of the coin had its highest point at 3.27%. The asset experienced the period of lowest volatility on May 23 when it fell to 0.99%. Since the current volatility of the crypto coin is low, we expect the price fluctuations of the digital asset at hand to be insignificant.

The were dictating the terms on the Casper Network market on May 18 - the trading session opened at $0.05. The losses of CSPR after the weekly open on May 18 amounted to 4%. On May 19, the price of the coin has shifted by 1% from the daily open on the back of a good trading volume. During the following trading period on May 20, the price of Casper Network oscillated between the low at $0.047 and the high at $0.049, while the price moved up by 3%. Over the next trading period (on May 21), CSPR was moving up by 1% on the back of a congruous trading volume. The price range of Casper Network on May 22 formed between $0.05 and $0.05, whereas the daily price extremities were $0.047 and $0.05. On May 23, the crypto coin showcased the following price fluctuations: the trading session began at $0.05 and then traveled from the low of the day at $0.048 to the high of the day at $0.049, closing at $0.05. The coin found the deepest trough (24H low) at $0.05 on May 24 and then exploded to the ceiling (24H high) at $0.05; the price range for that day was between $0.05 and $0.05. The price action on the asset's market during the period between May 18 and May 24 topped at $0.05, while the bottom of the price range was established at $0.05. Traders saw Casper Network covering the $0.002 distance between the weekly low and the weekly high, which constituted for a 3% move.

Over the period of the last 7 days, May 18 to May 24, Casper Network saw its average trading volume fluctuate between $7 508 271 and $3 067 933. In order to have a better grasp of the CSPR 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 $7 323 523 to $12 290 352. The 54% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 3%.

The change in the total market capitalization of Casper Network from May 18 to May 24 was as follows: on May 18, the capitalization was at $531 594 324, while on May 24, it reached the level of $552 562 730. The percentage change in the total market capitalization of CSPR amounted to 4%. As a consequence of the 4% fluctuation in its market capitalization, the price of the coin changed by 3%. The comparison with the Casper Network market capitalization seen during the time period May 11 - May 17 that occurred before the observed one, which changed by 7%, from $574 008 979 to $534 283 743, allows us to get a clearer understanding of current market conditions.

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Article date: May 24 | May 18 - 24

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