Ergo(erg)market reviews and price predictions
Ergo market statement for 2023-03-17
Yesterday the price of erg stood at $1.51. The market capitalization of the asset was $102 633 435. Ergo’s volatility was established at 1.31%. The trading volume of the coin reached $1 549 613.
Ergo prognosis for the next days:
We estimate the price of Ergo to be $1.41 tomorrow 2023-03-21 and $1.49 on 2023-03-27;
We estimate the market capitalization of Ergo to reach $94 412 935 tomorrow 2023-03-21 and $97 120 876 on 2023-03-23;
We estimate the volatility of Ergo to become 2.88% tomorrow 2023-03-21 and 3.76% on 2023-03-23;
We estimate the trading volume of Ergo to amount to $9 802 397 tomorrow 2023-03-21 and $8 169 373 on 2023-03-23.
Our recommendation for the pair ERG/USD for tomorrow, 2023-03-21, to sell.
Buyers kept pushing the Ergo market to the upside between March 11 and March 17 as the price increased by 9%.
The behavior of Ergo last week was characterized by the occurrence of upswings. ERG has been going through a period of medium volatility, which fell in line with the occurred price changes. There has been a rise in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of increased trading volume.
The bears stepped up a gear on March 5 - March 11, dropping the price of Ergo by 9%.
The analysis of last week’s price action shows that the Ergo market is in the bearish phase since the price has been moving downward. The volatility associated with the ERG market was low, as were its price fluctuations. The price action on the coin's market translated to the decline of market capitalization. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
The bleeding market: Ergo loses 8% between February 25 and March 3 as the selling pressure grows.
The bearish behavior of Ergo last week was characterized by the occurrence of downswings. The volatility associated with the ERG market was medium, as were its price fluctuations. There has been a fall in the market capitalization of the asset during the period under review. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
The capitulation of February 23 - March 1 : Ergo experienced a 11% dive.
The bearish behavior of Ergo last week was characterized by the occurrence of downswings. The volatility of ERG has been medium throughout the reviewed period in correspondence with the price action. There has been a fall in the market capitalization of the asset during the period under review. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
Down by 5% : The Ergo market saw some bearish action last week (February 22 - February 28).
The downward movement of the Ergo price last week indicates the chosen market is bearish. ERG was caught in a period of low volatility, which was reflected in its price action. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
Ergo showed a moderate 8% growth between February 10 and February 16.
Ergo has been last week as its price has been predominantly rising. The price swings of ERG pointed to the presence of low volatility. The price action on the coin's market translated to the growth of market capitalization. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
February 7 - February 13 price action review: Ergo goes down by 7%.
The downward movement of the Ergo price last week indicates the chosen market is bearish. The volatility of ERG has been low throughout the reviewed period in correspondence with the price action. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
Down by 1% : The Ergo market saw some bearish action last week (February 3 - February 9).
The downward movement of the Ergo price last week indicates the chosen market is. The volatility of ERG has been medium throughout the reviewed period in correspondence with the price action. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
Ergo slid down by 4% last week (January 31 - February 6) as the sellers pushed back.
Ergo has been last week as its price has been predominantly falling. The situation on the ERG market shows that the underlying asset is currently experiencing a period of medium volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
The torpid Ergo had its price rise only by 1% last week (January 28 - February 3).
Between January 28 - February 3, Ergo has been mostly as its price has been in the rising mode. ERG has been going through a period of medium 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.