The market crumbled last week (September 7 - September 13) as Dope Wars Paper lost 16%.

Between September 7 - September 13, Dope Wars Paper has been mostly bearish as its price has been in the falling mode. The volatility of PAPER has been medium throughout the reviewed period in correspondence with the price action. There has been a fall in the market capitalization of the asset during the period under review. The price action of the crypto coin from last week stemmed from the decreasing trading volume.

While the volatility remains restrained, Dope Wars Paper isn't making any explosive moves. Our comprehensive data indicates that the price change of PAPER has been moderate on the back of the average volatility of 7% for the given time period. The most significant volatility occurred on September 7 and reached 7.43%. The asset saw its volatility drop to the lowest level for the given period on September 11 as it shrank to 0.59%. 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.

While the overall situation on the Dope Wars Paper market was bearish, the trading session on September 7 kicked off at the $0.002 price level. The gains of PAPER after the weekly open on September 7 amounted to 1%. The coin market was down by 8% on September 8, the second day of the reviewed time period. On September 9, the market was moving to the upside as Dope Wars Paper went 3% up from the low at $0.0018 to the high at $0.0019. On September 10, the value of PAPER was in the range, with the market remaining flat. Dope Wars Paper finalized the trading day of September 11 at $0.002 after opening it at $0.002, though the price broke through that corridor to hit the 24H high at $0.0019 and the 24H low at $0.0018. On September 12, the crypto coin showcased the following price fluctuations: the trading session began at $0.002 and then traveled from the low of the day at $0.0017 to the high of the day at $0.00176, closing at $0.002. Most trading activity on September 13 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 $0.0016, though the bulls had also staged the rally to the 24H high at $0.0018. The asset posted the weekly low at $0.002, while the top of the weekly trading session was registered at $0.002. Dope Wars Paper shaped the $0.0003 price range over the week of price action, which constituted the 16% gap between the weekly low and the weekly high.

Dope Wars Paper ’s average trading volume on the opening day of the observed time period, September 7, stood at $9 962, while on the closing day of the same period, it moved to $1 986. A more comprehensive analysis of PAPER price action requires the comparison of the trading volume between September 7 and September 13 with that from the preceding week that demonstrated how the trading volume fluctuated between $582 and $11 063. The average trading volume of the asset fluctuated by 12% by comparison with the previous period, whereas the price change of 16% took place over the same period of time.

Bitcoin began the observed period September 7 - September 13, with the market capitalization of $2 789 488 and finalized it at the market capitalization level of $2 462 354. The rate of percentage change for the last week for PAPER was 12%. The said 12% percentage change in market capitalization of the coin was accompanied by the 16% fluctuation in the price of the underlying asset. Dope Wars Paper ’s market capitalization from the week before changed by 2%, as the result of fluctuation between $2 617 734 and $2 789 488, to give a clearer vision of the current state of the market.

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Article date: September 13 | September 7 - 13

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