A 47% price appreciation seen on the Cloakcoin market between September 7 and September 13.
Cloakcoin has been last week as its price has been predominantly rising. The situation on the CLOAK market shows that the underlying asset is currently experiencing a period of high volatility. The price action on the coin's market translated to the growth of market capitalization. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
According to our calculations, Cloakcoin experiences larger than usual price fluctuations, which translates to the average volatility percentage of 35.54% during the period under review. The highest volatility was recorded on September 7 - it amounted to 35.54%. The lowest volatility for the given period was spotted on September 13 and reached 0.52%. 35.54% is too high a volatility for the CLOAK market to be considered stable and easily predictable.
The opening price of Cloakcoin was at $0.21 on September 7, with having a more visible presence on the market. The losses of CLOAK after the weekly open on September 7 amounted to 8%. The price action of the coin remained on September 8 as the pushed the price up by 1%. The price range of Cloakcoin formed between $0.19 and $0.23 on September 9 as the price traveled 18% up. CLOAK ’s performance during September 10 was the following: the price increased by 9% in conjunction with the acceptable trading volume. The price oscillation of Cloakcoin on September 11 was in the $0.22 - $0.23 range; at the same time, the price stretched out to reach the 24H low at $0.22 and the 24H high at $0.25. While the 24H high and low on September 12 were at $0.32 and $0.27, respectively, the crypto coin had been traded in the area between the open at $0.27 and the close at $0.31. Between the 24H high at $0.32 and the 24H low at $0.26, the coin was traded in the $0.31 - $0.28 price corridor. The highest point of the price action over the week was at $0.32 - the weekly low during the same period was established at $0.19. The price action on the weekly time frame made Cloakcoin within the 47% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.09.
The trading activity on the Cloakcoin market over the past week - September 7 to September 13 - generated the average trading volume that went from $1 043 to $1 300. During the week before September 7, the trading volume of CLOAK flowed from $4.4 to $1 136. The asset demonstrated an 280% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 47%.
The total market capitalization of Cloakcoin during the past 7-day oscillated between $1 208 346, the starting point that was established on September 7, and $1 868 933 on September 13, the end date of the reviewed period. When translated to percentage rate, the market capitalization of CLOAK over the past week adjusted by 55%. While the market capitalization of the coin was altered by 55%, its price has made a 47% change. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $1 362 215 on August 31 and $1 153 867 on September 6, which translates to a 15% change.