The capitulation of February 25 - March 3 : Coin of the champions experienced a 39% dive.
Coin of the champions has been bearish last week as its price has been predominantly falling. The situation on the COC market shows that the underlying asset is currently experiencing a period of medium volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The price action of the crypto coin last week took place on the back of decreased trading volume.
The situation on the Coin of the champions market allows us to characterise its volatility as mild. We established that COC didn't showcase any significant price action due to the market's mild average volatility of 17%. The volatility of the coin reached its highest point at 17.76% during the observed period. 1.36% was the rock bottom for the asset's volatility that was reached on March 1. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
The coin market was down by 18% on February 26, the second day of the reviewed time period. Coin of the champions posted the interim low at $0.000000011 on February 27 and then moved down by 3% and peaked at $0.000000012. Over the next trading period (on February 28), COC was moving down by 15% on the back of a congruous trading volume. The price range of Coin of the champions on March 1 formed between $0.000000009 and $0.00000001, whereas the daily price extremities were $0.000000009 and $0.00000001. The price action on March 2 saw the crypto coin moving along the following route: starting point at $0.00000001 and closing point at $0.000000009, while it also deviated to establish the high of the day at $0.0000000099 and the low of the day at $0.0000000092. The coin found the deepest trough (24H low) at $0.000000009 on March 3 and then exploded to the ceiling (24H high) at $0.000000009; the price range for that day was between $0.000000009 and $0.000000009. The price action on the asset's market during the period between February 25 and March 3 topped at $0.00000001, while the bottom of the price range was established at $0.000000009. The difference between the lowest and the highest price points for the week was 39%, as the price moved in the $0.000000005 wide corridor.
Coin of the champions ’s average trading volume on the opening day of the observed time period, February 25, stood at $78 366, while on the closing day of the same period, it moved to $70 545. During the week before February 25, the trading volume of COC flowed from $77 788 to $159 757. The asset demonstrated an 11% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 39%.
The change in the total market capitalization of Coin of the champions from February 25 to March 3 was as follows: on February 25, the capitalization was at $2 048 001, while on March 3, it reached the level of $1 286 511. 37% was the calculated percentage change for the COC market over the past week. The price of the coin changed by 39% on the back of the 37% shift in its total market capitalization. A more precise analysis of the Coin of the champions market also requires a comparison with the change in market capitalization from the week before, which amounted to 28% on the back of the move from $2 580 853 to $1 861 221.