The buyers controlled the Dope Wars Paper market between August 31 and September 6 as the price grew by 7%.
Dope Wars Paper has been last week as its price has been predominantly rising. PAPER was caught in a period of medium volatility, which was reflected in its price action. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
The volatility has been suppressed, as the Dope Wars Paper price action suggests. Given that the average volatility on the PAPER market didn't exceed 12%, the price action remained limited. The volatility of the coin reached its highest point at 13.49% during the observed period. The price of the asset had fluctuated the least on September 4, when the volatility plummeted to 0.39%. The mild volatility registered on the crypto coin's market over the said period allows us to expect moderate price movements in both directions without significant breakouts.
On August 31, the first trading session of the reviewed time period, the market participants saw PAPER moving down by 3%. The price action of the coin remained bullish on September 1 as the bulls pushed the price up by 9%. During the next trading day, the rate of change in the price of Dope Wars Paper stood at 8% having reached the low at $0.0018 and the high at $0.0019 as the advantage remained on the side of sellers. Over the next trading period (on September 3), PAPER was moving up by 1% on the back of a congruous trading volume. September 4 kicked off with Dope Wars Paper trading opening at $0.002 and then closing the session at $0.002, establishing the 24H low at $0.0017 and 24H high at $0.0018 in the process. The trading period on September 5 saw the crypto coin forming the price amplitude between the open at $0.002 and the close at $0.002, also interacting with $0.0017 (24H low) and $0.0017 (24H high). September 6 presented us with the following price action data: the coin opened the period at $0.002 and went on to establish the low at $0.002 and the high of the day at $0.002 before closing the day at $0.002. The asset posted the weekly low at $0.002, while the top of the weekly trading session was registered at $0.002. As a result of price action within the designated time period, the price movement range on the Dope Wars Paper market was established at $0.0001 or 7% between the weekly low and the weekly high.
Dope Wars Paper ’s average trading volume on the opening day of the observed time period, August 31, stood at $5 610, while on the closing day of the same period, it moved to $11 063. Over the week that came before the analyzed time span, the average trading volume of PAPER ranged between $2 921 and $20 922. The 55% trading volume fluctuation between August 31 and September 6, as compared with the previous period, served as a basis for a 7% price move.
The total market capitalization of Dope Wars Paper during the past 7-day oscillated between $2 617 734, the starting point that was established on August 31, and $2 572 253 on September 6, the end date of the reviewed period. The rate of percentage change for the last week for PAPER was 2%. As a consequence of the 2% fluctuation in its market capitalization, the price of the coin changed by 7%. During the week before the analyzed time frame, the market capitalization of Dope Wars Paper moved by 10% as it went from $2 367 431 to $2 606 515, and gave a better understanding of the general direction in which this market is flowing.