The bears had a field day between February 11 and February 17 as Community Business Token got knocked down by 50%.
The analysis of last week’s price action shows that the Community Business Token market is in the phase since the price has been moving downward. The price swings of CBT pointed to the presence of high volatility. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
We have established that the average volatility of Community Business Token was at 50% in concert with its rapid price change. The volatility of the asset has reached the extreme after going as high as 50% - it happened on February 11. The volatility of the coin fell to its lowest on February 17 when it slid to 0%. 50% is too high a volatility for the CBT market to be considered stable and easily predictable.
There were no gains or losses to the CBT market on February 11, it remained flat. On February 12 the coin market stayed neutral, with no changes in the price. The cautious traders dominated the price action on February 13, with the Community Business Token market remaining flat. On February 14, the value of CBT was in the range, with the market remaining flat. After the open at $0.000002, Community Business Token moved during February 15 in the range between the said open and the close at $0.000001, having posted the 24H low at $0.000001 and the 24H high at $0.000002. No changes were observed on the crypto coin's market on February 16. The coin's market saw no changes on February 17, as the market flatlined. Over the course of all trading sessions, the asset established the weekly low at $0.0000006 while buyers managed to push the price up to the weekly high at $0.000002. Traders saw Community Business Token covering the $0.000001 distance between the weekly low and the weekly high, which constituted for a 50% move.
The trading activity on the Community Business Token market over the past week - February 11 to February 17 - generated the average trading volume that went from $2.96 to $56.49. Over the week that came before the analyzed time span, the average trading volume of CBT ranged between $8.58 and $947. The average trading volume of the asset fluctuated by 62% by comparison with the previous period, whereas the price change of 50% took place over the same period of time.
CBT experienced no change in total market capitalization during the past week. The price of the coin was not changed, with a 0% shift in its total market capitalization. Community Business Token market capitalization from the week before experienced no change, as a result there were no price fluctuations.