A 67% price appreciation seen on the Dope Wars Paper market between September 13 and September 19.
The analysis of last week’s price action shows that the Dope Wars Paper market is in the bullish phase since the price has been moving upward. The situation on the PAPER market shows that the underlying asset is currently experiencing a period of high volatility. The price action on the coin's market translated to the growth of market capitalization. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
Due to the active price action, the average volatility of Dope Wars Paper jumped to 130.85%. The largest volatility percentage during the given time span was 130.85% - it occurred on September 13. The coin's market was the least volatile on September 19 when this particular metric didn’t exceed 1.53%. The increased volatility of 130.85% on the PAPER market suggests large price swings in either direction, which is indicative of market instability.
The opening price of Dope Wars Paper was at $0.002 on September 13, with buyers having a more visible presence on the market. The losses of PAPER after the weekly open on September 13 amounted to 7%. On September 14, the price of the coin has shifted by 2% from the daily open on the back of a good trading volume. Dope Wars Paper posted the interim low at $0.0016 on September 15 and then moved up by 6% and peaked at $0.0017. The PAPER market was down as the price shifted by 2% on September 16, against the backdrop of the sufficient trading volume. Dope Wars Paper finalized the trading day of September 17 at $0.004 after opening it at $0.002, though the price broke through that corridor to hit the 24H high at $0.004 and the 24H low at $0.002. The price action on September 18 saw the crypto coin moving along the following route: starting point at $0.004 and closing point at $0.003, while it also deviated to establish the high of the day at $0.0037 and the low of the day at $0.0031. On the last day of the reviewed period, the coin was locked between $0.003 and $0.003, though the price managed to puncture these levels to reach the 24H high at $0.003 and the 24H low at $0.002. $0.002 was the bottom of price action for the week, though the price went to the high extreme at $0.004 over the same time period. The price action on the weekly time frame made Dope Wars Paper within the 67% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.001.
Dope Wars Paper ’s average trading volume on the opening day of the observed time period, September 13, stood at $1 986, while on the closing day of the same period, it moved to $36 525. A more comprehensive analysis of PAPER price action requires the comparison of the trading volume between September 13 and September 19 with that from the preceding week that demonstrated how the trading volume fluctuated between $1 443 and $11 063. The 426% 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 67%.
The change in the total market capitalization of Dope Wars Paper from September 13 to September 19 was as follows: on September 13, the capitalization was at $2 462 354, while on September 19, it reached the level of $3 986 550. PAPER experienced a 62% change in total market capitalization throughout the past seven days. As a consequence of the 62% fluctuation in its market capitalization, the price of the coin changed by 67%. A better understanding of the lay of the land on the Dope Wars Paper market requires a comparison with the preceding week when the total market capitalization of Dope Wars Paper changed by 4% as it went from $2 572 253 to $2 462 354.