Gains Farm

The bulls muster more strength as Gains Farm rises by 73% from February 11 to February 17.

The upward movement of the Gains Farm price last week indicates the chosen market is bullish. GFARM2 was caught in a period of high volatility, which was reflected in its price action. There has been a rise in the market capitalization of the asset during the period under review. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.

The considerable chops and changes in the price of Gains Farm resulted in average volatility of 40.94%. The asset was the most volatile on February 11 when the registered volatility shot up to 40.94%. On February 17, the coin's volatility was at its minimum level of 0.59%. The present volatility of 40.94% is indicative of unstable market conditions.

The bears were dictating the terms on the Gains Farm market on February 11 - the trading session opened at $6 452. The price of GFARM2 took a 1% down downswing at the open of the weekly trading period. The 1% move in the upward direction took place on the second day after the weekly open. The price range of Gains Farm formed between $6 416 and $6 621 on February 13 as the price traveled 2% down. The trading volume on February 14 rendered support to the 15% bullish move of GFARM2. After the open at $7 464, Gains Farm moved during February 15 in the range between the said open and the close at $7 373, having posted the 24H low at $6 741 and the 24H high at $7 464. On February 16, the crypto coin showcased the following price fluctuations: the trading session began at $7 298 and then traveled from the low of the day at $7 298 to the high of the day at $8 150, closing at $7 842. February 17 presented us with the following price action data: the coin opened the period at $7 811 and went on to establish the low at $7 614 and the high of the day at $11 053 before closing the day at $11 053. Over the course of all trading sessions, the asset established the weekly low at $6 353 while buyers managed to push the price up to the weekly high at $11 053. The difference between the lowest and the highest price points for the week was 73%, as the price moved in the $4 657 wide corridor.

As for the average trading volume in the time slot between February 11 and February 17, the Gains Farm market registered the change from $5 445 to $12 886. In order to have a better grasp of the GFARM2 market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $114 to $16 427. The average trading volume of the asset fluctuated by 54% by comparison with the previous period, whereas the price change of 73% took place over the same period of time.

Bitcoin began the observed period February 11 - February 17, with the market capitalization of $229 131 196 and finalized it at the market capitalization level of $274 517 395. Percentage-wise, the market capitalization of GFARM2 has shifted by 20% in the past week. The 20% change in the coin's market capitalization affected the price rate that saw a 73% shift in the same time period. In the preceding week, February 4 - February 10, the market capitalization of Gains Farm got a 5% adjustment ($235 920 413 to $247 531 241) in comparison to a 20% change last week; this allows getting a deeper insight into the market structure.

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Article date: February 17 | February 11 - 17

Market reviews for similar coins for February 11 - 17