Electrum Dark market outlook from September 16 - September 22 :the price surges by 290%.
Electrum Dark has been last week as its price has been predominantly rising. ELD has been going through a period of high volatility, which fell in line with the occurred price changes. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The price action of the crypto coin from last week stemmed from the increasing trading volume.
Due to the active price action, the average volatility of Electrum Dark jumped to 302.38%. The highest volatility was recorded on September 16 - it amounted to 302.38%. The lowest volatility for the given period was spotted on September 22 and reached 2.08%. The present volatility of 302.38% renders the ELD market unstable with the possibility of violent price swings.
ELD made a 112% step in an upward direction during the first daily trading session that took place on September 16. The market sentiment on September 17 stayed as the coin obtained another 2%. During the following trading period on September 18, the price of Electrum Dark oscillated between the low at $0.0003 and the high at $0.001, while the price moved up by 304%. On September 20, ELD market moved by 5% in the bearish direction in concert with the trading volume. The developments on the Electrum Dark market on September 20 started with the price opening at $0.0003 and subsequently moving to $0.001, the close of the day, while dropping to the 24H low at $0.0003 and spiking to the 24H high at $0.0003. On September 21, the crypto coin showcased the following price fluctuations: the trading session began at $0.001 and then traveled from the low of the day at $0.0012 to the high of the day at $0.0012, closing at $0.001. The coin found the deepest trough (24H low) at $0.0011 on September 22 and then exploded to the ceiling (24H high) at $0.0012; the price range for that day was between $0.001 and $0.001. During the reviewed time period, the asset was able to achieve the weekly high at $0.001, though at a certain point, the bear pressurized the price down to the weekly low at $0.0001. As a result of price action within the designated time period, the price movement range on the Electrum Dark market was established at $0.0008 or 290% between the weekly low and the weekly high.
In the period September 16 - September 22, the trading volume of Electrum Dark went from $17.62 on the first day of the reviewed period to $0.01 on the closing day. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the ELD market had its volume ranging between $0.53 and $15.97. The asset demonstrated an 233% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 290%.
Electrum Dark had its total market capitalization change from $524 on September 16 to $4 275 on September 22, the end of the examined time frame. Percentage-wise, the market capitalization of ELD has shifted by 716% in the past week. As a consequence of the 716% fluctuation in its market capitalization, the price of the coin changed by 290%. During the week before the analyzed time frame, the market capitalization of Electrum Dark moved by 83% as it went from $5 547 to $916, and gave a better understanding of the general direction in which this market is flowing.