September 6 - September 12 market watch: Voyager Token goes up by 24% as buying pressure persists.
The price of Voyager Token was rising last from September 6 until September 12, giving enough reason to conclude that the market is bullish. The volatility associated with the VGX market was high, as were its price fluctuations. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
According to our calculations, Voyager Token experiences larger than usual price fluctuations, which translates to the average volatility percentage of 43.42% during the period under review. The asset was the most volatile on September 6 when the registered volatility shot up to 43.42%. The volatility of the coin fell to its lowest on September 12 when it slid to 0.08%. The present volatility of 43.42% is indicative of unstable market conditions.
Voyager Token began the day on September 6 at $0.54, while the broad background was bullish. On September 6, the first trading session of the reviewed time period, the market participants saw VGX moving up by 35%. September 7 saw the coin going another 31% since the open, supported by the corresponding trading volume. Voyager Token posted the interim low at $0.86 on September 8 and then moved down by 17% and peaked at $1.13. Over the next trading period (on September 9), VGX was moving down by 2% on the back of a congruous trading volume. September 10 kicked off with Voyager Token trading opening at $0.84 and then closing the session at $0.94, establishing the 24H low at $0.82 and 24H high at $0.98 in the process. The activity on the crypto coin's market on September 11 resulted in the asset being traded between $0.93, the open of the day, and $0.91, the close of the day; at some point, the price spiked to the daily high at $1.01 and briefly dropped to the daily low at $0.9. The coin found the deepest trough (24H low) at $0.83 on September 12 and then exploded to the ceiling (24H high) at $0.94; the price range for that day was between $0.92 and $0.91. The price action on the asset's market during the period between September 6 and September 12 topped at $1.13, while the bottom of the price range was established at $0.54. Voyager Token bounced 24% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.18.
Voyager Token ’s average trading volume on the opening day of the observed time period, September 6, stood at $35 867 869, while on the closing day of the same period, it moved to $51 549 981. During the week before September 6, the trading volume of VGX flowed from $8 375 116 to $66 832 267. Percentage-wise, the trading volume of the asset changed by 230%, in comparison to the previous period, while its price experienced a 24% adjustment.
The change in the total market capitalization of Voyager Token from September 6 to September 12 was as follows: on September 6, the capitalization was at $166 421 605, while on September 12, it reached the level of $272 473 155. The rate of percentage change for the last week for VGX was 64%. The 64% change in the coin's market capitalization affected the price rate that saw a 24% shift in the same time period. A more precise analysis of the Voyager Token market also requires a comparison with the change in market capitalization from the week before, which amounted to 6% on the back of the move from $161 875 012 to $152 658 605.