Diamond market stayed flat from August 29 - September 4.
Diamond portrayed neutral behavior last week, with no changes in the price. The situation on the DMD market shows that the underlying asset is currently experiencing a period of low 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.
The analysis of events on the Diamond market shows that the cryptocurrency under review is experiencing a period of low volatility. The average volatility of DMD was capped at 0%, leading to weak fluctuations in the price of Diamond. The most significant price swings occurred on September 2, when the volatility of the coin was at its highest for the given period at 4.5%. On September 3, the asset didn't make any noticeable price movements as its volatility dropped to the lowest level at 0%. The volatility of 0% is too low for the crypto coin to engage in any attention-worthy price action.
The trading session on August 29 started with Diamond opening at $2.01 on the backdrop of neutral sentiment throughout the market. The price of DMD took a 4% up upswing at the open of the weekly trading period. The 2% move in the downward direction took place on the second day after the weekly open. During the next trading day, the rate of change in the price of Diamond stood at 1% having reached the low at $2.05 and the high at $2.11 as the advantage remained on the side of buyers. The trading volume on September 1 rendered support to the 1% bearish move of DMD. The price oscillation of Diamond on September 2 was in the $2.06 - $2.09 range; at the same time, the price stretched out to reach the 24H low at $2.06 and the 24H high at $2.13. No changes were observed on the crypto coin's market on September 3. As for the occurrences on September 4, the price of the coin bottomed at $2.07 and peaked at $2.1, while its daily range formed between $2.08 and $2.1. Throughout the reviewed time period, no changes were observed on the asset's market. There was no difference between the lowest and highest price points for the observed week, with the Diamond market flatlining.
As for the average trading volume in the time slot between August 29 and September 4, the Diamond market registered the change from $20 546 to $14 048. Over the week that came before the analyzed time span, the average trading volume of DMD ranged between $10 937 and $21 100. The 0% trading volume fluctuation between August 29 and September 4, as compared with the previous period, served as a basis for a 0% price move.
The total market capitalization of Diamond during the past 7-day oscillated between $7 400 514, the starting point that was established on August 29, and $7 752 879 on September 4, the end date of the reviewed period. Percentage-wise, the market capitalization of DMD has shifted by 5% in the past week. While the market capitalization of the coin was altered by 5%, its price has made a 0% change. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $7 687 178 on August 22 and $7 433 680 on August 28, which translates to a 3% change.