Cover Protocol(cover)market reviews and price predictions
Cover Protocol market statement for 2023-03-09
Yesterday the price of cover stood at $16.11. The market capitalization of the asset was $1 330 901. Cover Protocol’s volatility was established at 5.62%. The trading volume of the coin reached $187 113.
Cover Protocol prognosis for the next days:
We estimate the price of Cover Protocol to be $17.84 tomorrow 2023-03-15 and $17.76 on 2023-03-21;
We estimate the market capitalization of Cover Protocol to reach $1 366 735 tomorrow 2023-03-15 and $1 354 775 on 2023-03-17;
We estimate the volatility of Cover Protocol to become 3.37% tomorrow 2023-03-15 and 2.84% on 2023-03-17;
We estimate the trading volume of Cover Protocol to amount to $286 361 tomorrow 2023-03-15 and $261 441 on 2023-03-17.
Our recommendation for the pair COVER/USD for tomorrow, 2023-03-15, to buy.
The bears stepped up a gear on March 3 - March 9, dropping the price of Cover Protocol by 10%.
Between March 3 - March 9, Cover Protocol has been mostly as its price has been in the falling mode. The price swings of COVER pointed to the presence of medium volatility. The market capitalization of the asset has been decreasing in concert with the price of the coin. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
March 2 - March 8 price action recap: Cover Protocol sees a weak 1% gain as the buyers take a step back.
The upward movement of the Cover Protocol price last week indicates the chosen market is. The situation on the COVER market shows that the underlying asset is currently experiencing a period of medium volatility. The asset saw its market capitalization falling over the reviewed period together with its price. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
The bears had a field day between February 24 and March 2 as Cover Protocol got knocked down by 14%.
The analysis of last week’s price action shows that the Cover Protocol market is in the phase since the price has been moving downward. COVER was caught in a period of medium volatility, which was reflected in its price action. The asset saw its market capitalization falling over the reviewed period together with its price. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
Bearish price action on February 23 to March 1 resulted in Cover Protocol by 7%.
Between February 23 - March 1, Cover Protocol has been mostly as its price has been in the falling mode. The volatility of COVER has been low throughout the reviewed period in correspondence with the price action. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
Slightly bearish : traders witnessed Cover Protocol moving down 5% from February 21 till February 27.
The price of Cover Protocol was falling last from February 21 until February 27, giving enough reason to conclude that the market is. The price swings of COVER pointed to the presence of low volatility. The market capitalization of the asset has been decreasing in concert with the price of the coin. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
Restrained price action on February 18 to February 24 as Cover Protocol moves up by only 2%.
The upward movement of the Cover Protocol price last week indicates the chosen market is bullish. COVER has been going through a period of medium volatility, which fell in line with the occurred price changes. The price action on the coin's market translated to the growth of market capitalization. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
The bulls muster more strength as Cover Protocol rises by 19% from February 11 to February 17.
The price of Cover Protocol was rising last from February 11 until February 17, giving enough reason to conclude that the market is bullish. The situation on the COVER market shows that the underlying asset is currently experiencing a period of medium volatility. The asset saw its market capitalization growing over the reviewed period together with its price. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
Cover Protocol market outlook from February 10 - February 16 :the price surges by 15%.
Cover Protocol has been bullish last week as its price has been predominantly rising. The volatility of COVER has been medium throughout the reviewed period in correspondence with the price action. There has been a rise in the market capitalization of the asset during the period under review. The price action of the crypto coin from last week stemmed from the increasing trading volume.
Restrained price action on February 8 to February 14 as Cover Protocol moves up by only 1%.
The price of Cover Protocol was rising last from February 8 until February 14, giving enough reason to conclude that the market is. The volatility of COVER has been medium throughout the reviewed period in correspondence with the price action. The market capitalization of the asset has been decreasing in concert with the price of the coin. The price action of the crypto coin last week took place on the back of decreased trading volume.
Cover Protocol market stayed flat from February 7 - February 13.
Cover Protocol portrayed neutral behavior last week, with no changes in the price. The price swings of COVER pointed to the presence of medium volatility. There has been a rise in the market capitalization of the asset during the period under review. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.