Electrum Dark exploded by 962% in the period of September 6 - September 12 as the buyers got an upper hand.
Electrum Dark has been last week as its price has been predominantly rising. The volatility associated with the ELD market was high, as were its price fluctuations. The asset saw its market capitalization falling over the reviewed period together with its price. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
The considerable chops and changes in the price of Electrum Dark resulted in average volatility of 918.44%. The highest volatility was recorded on September 6 - it amounted to 918.44%. The volatility of the coin fell to its lowest on September 12 when it slid to 0%. The present volatility of 918.44% renders the ELD market unstable with the possibility of violent price swings.
Electrum Dark began the day on September 6 at $0.002, while the broad background was neutral. The first day of price action was marked by the 94% move to the downside from the point where the trading session opened. September 7 saw the coin going another 12% since the open, supported by the corresponding trading volume. The bulls dominated the price action during the following trading period as the price drifted 911% to the upside, having established the low for the reviewed time frame at $0.0001, while the high was recorded at $0.002. The next trading session was characterized by more price action (as ELD made a 3% move) on the back of the consistent trading volume. After the open at $0.001, Electrum Dark moved during September 10 in the range between the said open and the close at $0.002, having posted the 24H low at $0.0015 and the 24H high at $0.0015. No changes were observed on the crypto coin's market on September 11. September 12 presented us with the following price action data: the coin opened the period at $0.002 and went on to establish the low at $0.0015 and the high of the day at $0.0015 before closing the day at $0.001. During the reviewed time period, the asset was able to achieve the weekly high at $0.002, though at a certain point, the bear pressurized the price down to the weekly low at $0.00008. The price action on the weekly time frame made Electrum Dark within the 962% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.001.
Over the period of the last 7 days, September 6 to September 12, Electrum Dark saw its average trading volume fluctuate between $0.9 and $0.64. A more comprehensive analysis of ELD price action requires the comparison of the trading volume between September 6 and September 12 with that from the preceding week that demonstrated how the trading volume fluctuated between $0.86 and $25.97. The 75% trading volume fluctuation between September 6 and September 12, as compared with the previous period, served as a basis for a 962% price move.
Bitcoin began the observed period September 6 - September 12, with the market capitalization of $9 311 and finalized it at the market capitalization level of $5 901. The percentage change in the total market capitalization of ELD amounted to 37%. The said 37% percentage change in market capitalization of the coin was accompanied by the 962% fluctuation in the price of the underlying asset. A better understanding of the lay of the land on the Electrum Dark market requires a comparison with the preceding week when the total market capitalization of Electrum Dark changed by 9% as it went from $10 069 to $9 311.