Coins
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Compound
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2022-09-22

Compound showed a moderate 7% growth between September 16 and September 22.

The price of Compound was rising last from September 16 until September 22, giving enough reason to conclude that the market is bullish. The situation on the COMP market shows that the underlying asset is currently experiencing a period of medium 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.

The unfolding situation in the Compound market suggests that the reviewed digital asset is in the stage of mild volatility. The market analysis reveals that the mild average volatility of 9% restrained COMP 's price swings. The largest volatility for the given period occurred on September 16 and amounted to 10.82%. The asset's volatility was at its lowest on September 20 when it dropped to 0.02%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.

There were no gains or losses to the COMP market on September 16, it remained flat. The 4% move in the downward direction took place on the second day after the weekly open. Compound posted the interim low at $51.27 on September 18 and then moved down by 4% and peaked at $54.92. The COMP market was up as the price shifted by 3% on September 19, against the backdrop of the sufficient trading volume. After the open at $52.65, Compound moved during September 20 in the range between the said open and the close at $54.62, having posted the 24H low at $51.43 and the 24H high at $55.12. The price action on September 21 saw the crypto coin moving along the following route: starting point at $54.68 and closing point at $60.53, while it also deviated to establish the high of the day at $60.53 and the low of the day at $52.3. As for the occurrences on September 22, the price of the coin bottomed at $54.1 and peaked at $62.49, while its daily range formed between $58.53 and $60.52. Over the course of all trading sessions, the asset established the weekly low at $48.53 while buyers managed to push the price up to the weekly high at $62.49. Traders saw Compound covering the $3.97 distance between the weekly low and the weekly high, which constituted for a 7% move.

The past 7 days were marked by a change in average daily trading volume from $82 761 637 on September 16 to $80 765 138 on September 22. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the COMP market had its volume ranging between $31 595 435 and $65 407 106. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 29%, and the 7% price shift.

COMP 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. Compound market capitalization from the week before experienced no change, as a result there were no price fluctuations.

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Article date: September 22 | September 16 - 22

Market reviews for similar coins for September 16 - 22