The bears stepped up a gear on August 30 - September 5, dropping the price of Dope Wars Paper by 8%.
The downward movement of the Dope Wars Paper price last week indicates the chosen market is. The volatility associated with the PAPER market was medium, as were its price fluctuations. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
The volatility has been suppressed, as the Dope Wars Paper price action suggests. The market analysis reveals that the mild average volatility of 8% restrained PAPER 's price swings. The largest volatility for the given period occurred on August 30 and amounted to 8.58%. The price of the asset had fluctuated the least on September 3, when the volatility plummeted to 0.39%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
PAPER made a 2% step in an upward direction during the first daily trading session that took place on August 30. The market sentiment on August 31 stayed as the coin obtained another 3%. The price range of Dope Wars Paper formed between $0.002 and $0.002 on September 1 as the price traveled 9% up. Over the next trading period (on September 2), PAPER was moving down by 8% on the back of a congruous trading volume. September 3 kicked off with Dope Wars Paper trading opening at $0.002 and then closing the session at $0.002, establishing the 24H low at $0.0018 and 24H high at $0.0019 in the process. The price action on September 4 saw the crypto coin moving along the following route: starting point at $0.002 and closing point at $0.002, while it also deviated to establish the high of the day at $0.0018 and the low of the day at $0.0017. Most trading activity on September 5 occurred in the space between $0.002 and $0.002; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.0017, though the bulls had also staged the rally to the 24H high at $0.0019. The asset posted the weekly low at $0.002, while the top of the weekly trading session was registered at $0.002. The difference between the lowest and the highest price points for the week was 8%, as the price moved in the $0.0002 wide corridor.
The trading activity on the Dope Wars Paper market over the past week - August 30 to September 5 - generated the average trading volume that went from $5 743 to $4 617. A more comprehensive analysis of PAPER price action requires the comparison of the trading volume between August 30 and September 5 with that from the preceding week that demonstrated how the trading volume fluctuated between $2 921 and $20 922. The average trading volume of the asset fluctuated by 61% by comparison with the previous period, whereas the price change of 8% took place over the same period of time.
The change in the total market capitalization of Dope Wars Paper from August 30 to September 5 was as follows: on August 30, the capitalization was at $2 606 515, while on September 5, it reached the level of $2 696 974. 3% was the calculated percentage change for the PAPER market over the past week. The said 3% percentage change in market capitalization of the coin was accompanied by the 8% fluctuation in the price of the underlying asset. A more precise analysis of the Dope Wars Paper market also requires a comparison with the change in market capitalization from the week before, which amounted to 8% on the back of the move from $2 400 105 to $2 213 901.