The torpid FastSwap had its price rise only by 2% last week (January 7 - January 13).
The bearish behavior of FastSwap last week was characterized by the occurrence of upswings. FAST was caught in a period of low volatility, which was reflected in its price action. The asset saw its market capitalization falling over the reviewed period together with its price. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
The volatility is low on the FastSwap market, as the latest data suggests. The insignificant movement of the FAST market came as the result of low average volatility that amounted to 0.52%. The peak of the coin's volatility for the given time period was reached on January 11 when this parameter went as low as 5.51%. The quietest period on the asset's market was recorded on January 11, when the volatility dropped to the minimum at 0.52%. Since the current volatility of the crypto coin is low, we expect the price fluctuations of the digital asset at hand to be insignificant.
The price of FAST took a 6% down downswing at the open of the weekly trading period. The 2% move in the upward direction took place on the second day after the weekly open. On January 9, the market was moving to the downside as FastSwap went 1% down from the low at $0.0004 to the high at $0.0004. The next trading session was characterized by more price action (as FAST made a 2% move) on the back of the consistent trading volume. After the open at $0.0004, FastSwap moved during January 11 in the range between the said open and the close at $0.0004, having posted the 24H low at $0.0004 and the 24H high at $0.0004. The activity on the crypto coin's market on January 12 resulted in the asset being traded between $0.0004, the open of the day, and $0.0004, the close of the day; at some point, the price spiked to the daily high at $0.0004 and briefly dropped to the daily low at $0.0004. The coin's market saw no changes on January 13, as the market flatlined. The price action on the asset's market during the period between January 7 and January 13 topped at $0.0004, while the bottom of the price range was established at $0.0004. The difference between the lowest and the highest price points for the week was 2%, as the price moved in the $0.000009 wide corridor.
As for the average trading volume in the time slot between January 7 and January 13, the FastSwap market registered the change from $6 045 to $6 770. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the FAST market had its volume ranging between $5 097 and $6 237. The 9% trading volume fluctuation between January 7 and January 13, as compared with the previous period, served as a basis for a 2% price move.
The total market capitalization of FastSwap during the past 7-day oscillated between $61.01, the starting point that was established on January 7, and $58.2 on January 13, the end date of the reviewed period. When translated to percentage rate, the market capitalization of FAST over the past week adjusted by 5%. When compared to the price fluctuations during the observed period of time, the 5% market capitalization movement was accompanied by a 2% change in the price of the coin. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $65.35 on December 31 and $59.81 on January 6, which translates to a 8% change.