The capitulation of January 23 - January 29 : Degen experienced a 21% dive.
The price of Degen was falling last from January 23 until January 29, giving enough reason to conclude that the market is bearish. DEGN has been going through a period of high volatility, which fell in line with the occurred price changes. 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 considerable chops and changes in the price of Degen resulted in average volatility of 31.39%. The volatility of the asset has reached the extreme after going as high as 31.39% - it happened on January 23. The coin's market was the least volatile on January 29 when this particular metric didn’t exceed 0.93%. The present volatility of 31.39% renders the DEGN market unstable with the possibility of violent price swings.
There were no gains or losses to the DEGN market on January 23, it remained flat. The price action of the coin remained bullish on January 24 as the bulls pushed the price up by 11%. During the next trading day, the rate of change in the price of Degen stood at 31% having reached the low at $0.0000006 and the high at $0.0000009 as the advantage remained on the side of sellers. On January 27, DEGN market moved by 5% in the bullish direction in concert with the trading volume. The developments on the Degen market on January 27 started with the price opening at $0.0000006 and subsequently moving to $0.0000006, the close of the day, while dropping to the 24H low at $0.00000061 and spiking to the 24H high at $0.00000061. On January 28, the crypto coin showcased the following price fluctuations: the trading session began at $0.0000006 and then traveled from the low of the day at $0.0000006 to the high of the day at $0.00000061, closing at $0.0000006. The coin found the deepest trough (24H low) at $0.00000062 on January 29 and then exploded to the ceiling (24H high) at $0.00000064; the price range for that day was between $0.0000006 and $0.0000006. The highest point of the price action over the week was at $0.0000009 - the weekly low during the same period was established at $0.0000006. The difference between the lowest and the highest price points for the week was 21%, as the price moved in the $0.0000002 wide corridor.
The past 7 days were marked by a change in average daily trading volume from $8.66 on January 23 to $4.18 on January 29. In order to have a better grasp of the DEGN 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 $11.95 to $222. Percentage-wise, the trading volume of the asset changed by 78%, in comparison to the previous period, while its price experienced a 21% adjustment.
DEGN 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. Degen market capitalization from the week before experienced no change, as a result there were no price fluctuations.