A 121% price appreciation seen on the Dope Wars Paper market between September 11 and September 17.

Between September 11 - September 17, Dope Wars Paper has been mostly bullish as its price has been in the rising mode. The volatility of PAPER has been high throughout the reviewed period in correspondence with the price action. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

According to our calculations, Dope Wars Paper experiences larger than usual price fluctuations, which translates to the average volatility percentage of 130.85% during the period under review. The largest volatility percentage during the given time span was 130.85% - it occurred on September 11. On September 17, the coin's volatility was at its minimum level of 0.62%. 130.85% is too high a volatility for the PAPER market to be considered stable and easily predictable.

The opening price of Dope Wars Paper was at $0.002 on September 11, with buyers having a more visible presence on the market. During the opening day on September 11, PAPER has had a 7% move to the downside. The market sentiment on September 12 stayed bearish as the coin obtained another 1%. The price range of Dope Wars Paper formed between $0.0016 and $0.0018 on September 13 as the price traveled 7% down. The trading volume on September 14 rendered support to the 2% bearish move of PAPER. The price range of Dope Wars Paper on September 15 formed between $0.002 and $0.002, whereas the daily price extremities were $0.0016 and $0.0017. On September 16, 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 $0.0017, closing at $0.002. The coin found the deepest trough (24H low) at $0.002 on September 17 and then exploded to the ceiling (24H high) at $0.004; the price range for that day was between $0.002 and $0.004. During the reviewed time period, the asset was able to achieve the weekly high at $0.004, though at a certain point, the bear pressurized the price down to the weekly low at $0.002. The price action on the weekly time frame made Dope Wars Paper within the 121% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.002.

As for the average trading volume in the time slot between September 11 and September 17, the Dope Wars Paper market registered the change from $1 564 to $1 693. We can draw the comparison with the period of 7 days that preceded the reviewed one when PAPER ’s trading volume varied from $1 443 to $11 063. The 50% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 121%.

The total capitalization of Bitcoin at the start of the analyzed time period (September 11) amounted to $2 696 052; by the end of that period (September 17), the capitalization went to $2 164 666. When translated to percentage rate, the market capitalization of PAPER over the past week adjusted by 20%. The said 20% percentage change in market capitalization of the coin was accompanied by the 121% fluctuation in the price of the underlying asset. The comparison with the Dope Wars Paper market capitalization seen during the time period September 4 - September 10 that occurred before the observed one, which changed by 5%, from $2 521 311 to $2 654 558, allows us to get a clearer understanding of current market conditions.

Price
Volatility
Capitalization
Volume
Sep 11Tue 13Thu 15Sat 17Sep 11Tue 13Thu 15Sat 170.00200.00250.00300.00350.00400.00200.00250.00300.00350.0040
Article date: September 17 | September 11 - 17

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