October 27 - November 2 market wrap: Curve DAO Token had a slight 3% drop.
Curve DAO Token has been last week as its price has been predominantly falling. CRV has been going through a period of low volatility, which fell in line with the occurred price changes. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
The price action of Curve DAO Token is in a stalemate due to low volatility during the observed period. Our data shows that the average volatility of CRV didn't exceed 0.22%, which is why its price remained constrained. The most significant price swings occurred on October 31, when the volatility of the coin was at its highest for the given period at 4.33%. The weakest volatility level of 0.22% on the asset's market was registered on November 1. The unimpressive volatility of 0.22% showcases the overall weakness of the crypto coin.
The price of CRV took a 2% down downswing at the open of the weekly trading period. The price action of the coin remained on October 28 as the pushed the price up by 1%. The cautious traders dominated the price action on October 29, with the Curve DAO Token market remaining flat. The CRV market was down as the price shifted by 4% on October 30, against the backdrop of the sufficient trading volume. The price oscillation of Curve DAO Token on October 31 was in the $0.9 - $0.89 range; at the same time, the price stretched out to reach the 24H low at $0.88 and the 24H high at $0.92. While the 24H high and low on November 1 were at $0.9 and $0.88, respectively, the crypto coin had been traded in the area between the open at $0.88 and the close at $0.89. On the last day of the reviewed period, the coin was locked between $0.89 and $0.9, though the price managed to puncture these levels to reach the 24H high at $0.91 and the 24H low at $0.87. During the reviewed time period, the asset was able to achieve the weekly high at $0.97, though at a certain point, the bear pressurized the price down to the weekly low at $0.87. Curve DAO Token bounced 3% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.03.
As for the average trading volume in the time slot between October 27 and November 2, the Curve DAO Token market registered the change from $66 170 104 to $45 687 897. In order to have a better grasp of the CRV market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $42 095 163 to $68 287 383. The 2% trading volume fluctuation between October 27 and November 2, as compared with the previous period, served as a basis for a 3% price move.
The change in the total market capitalization of Curve DAO Token from October 27 to November 2 was as follows: on October 27, the capitalization was at $523 151 138, while on November 2, it reached the level of $504 257 917. The rate of percentage change for the last week for CRV was 4%. The said 4% percentage change in market capitalization of the coin was accompanied by the 3% fluctuation in the price of the underlying asset. A more precise analysis of the Curve DAO Token market also requires a comparison with the change in market capitalization from the week before, which amounted to 10% on the back of the move from $464 117 774 to $510 271 404.