The bulls muster more strength as Dope Wars Paper rises by 86% from September 14 to September 20.
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 price swings of PAPER pointed to the presence 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.
We have established that the average volatility of Dope Wars Paper was at 130.85% in concert with its rapid price change. The volatility of the asset has reached the extreme after going as high as 130.85% - it happened on September 14. On September 20, the coin's volatility was at its minimum level of 1.53%. When the volatility goes as high as 130.85%, the PAPER market tends to be erratic and hard to predict.
The trading session on September 14 started with Dope Wars Paper opening at $0.002 on the backdrop of bullish sentiment throughout the market. During the opening day on September 14, PAPER has had a 2% move to the downside. On September 15, the price of the coin has shifted by 6% from the daily open on the back of a good trading volume. The price range of Dope Wars Paper formed between $0.0017 and $0.0017 on September 16 as the price traveled 2% down. The trading volume on September 17 rendered support to the 130% bullish move of PAPER. The developments on the Dope Wars Paper market on September 18 started with the price opening at $0.004 and subsequently moving to $0.003, the close of the day, while dropping to the 24H low at $0.0031 and spiking to the 24H high at $0.0031. The crypto coin opened the trading session on September 19 at $0.003 and finalized it at $0.003; the highest point of price action was at $0.003, the lowest was detected at $0.002. September 20 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 $0.003 before closing the day at $0.003. 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 difference between the lowest and the highest price points for the week was 86%, as the price moved in the $0.001 wide corridor.
In the period September 14 - September 20, the trading volume of Dope Wars Paper went from $4 451 on the first day of the reviewed period to $24 594 on the closing day. A more comprehensive analysis of PAPER price action requires the comparison of the trading volume between September 14 and September 20 with that from the preceding week that demonstrated how the trading volume fluctuated between $1 443 and $9 962. The asset demonstrated an 683% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 86%.
The change in the total market capitalization of Dope Wars Paper from September 14 to September 20 was as follows: on September 14, the capitalization was at $2 285 793, while on September 20, it reached the level of $3 853 912. The rate of percentage change for the last week for PAPER was 69%. While the market capitalization of the coin was altered by 69%, its price has made a 86% change. In the preceding week, September 7 - September 13, the market capitalization of Dope Wars Paper got a 12% adjustment ($2 789 488 to $2 462 354) in comparison to a 69% change last week; this allows getting a deeper insight into the market structure.