Gains Farm

The bulls muster more strength as Gains Farm rises by 64% from February 12 to February 18.

Between February 12 - February 18, Gains Farm has been mostly bullish as its price has been in the rising mode. The price swings of GFARM2 pointed to the presence of high volatility. The market capitalization of the asset has been increasing in concert with the price of the coin. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.

We have established that the average volatility of Gains Farm was at 40.94% in concert with its rapid price change. The highest volatility was recorded on February 12 - it amounted to 40.94%. The coin's market was the least volatile on February 18 when this particular metric didn’t exceed 0.69%. The high volatility of 40.94% points to the possibility of unpredictable and violent price action.

The gains of GFARM2 after the weekly open on February 12 amounted to 1%. February 13 saw the coin going another 2% since the open, supported by the corresponding trading volume. Gains Farm posted the interim low at $6 468 on February 14 and then moved up by 15% and peaked at $7 424. Over the next trading period (on February 15), GFARM2 was moving down by 1% on the back of a congruous trading volume. Gains Farm finalized the trading day of February 16 at $7 842 after opening it at $7 298, though the price broke through that corridor to hit the 24H high at $8 150 and the 24H low at $7 298. The price action on February 17 saw the crypto coin moving along the following route: starting point at $7 811 and closing point at $11 053, while it also deviated to establish the high of the day at $11 053 and the low of the day at $7 614. Most trading activity on February 18 occurred in the space between $11 144 and $10 818; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $10 406, though the bulls had also staged the rally to the 24H high at $11 271. During the reviewed time period, the asset was able to achieve the weekly high at $11 271, though at a certain point, the bear pressurized the price down to the weekly low at $6 416. Gains Farm bounced 64% between the low of the week and the peak price for the same time period, ultimately creating a price range of $4 221.

As for the average trading volume in the time slot between February 12 and February 18, the Gains Farm market registered the change from $76.89 to $117 949. During the week before February 12, the trading volume of GFARM2 flowed from $114 to $16 427. The 325% trading volume fluctuation between February 12 and February 18, as compared with the previous period, served as a basis for a 64% price move.

Gains Farm had its total market capitalization change from $229 170 015 on February 12 to $373 412 714 on February 18, the end of the examined time frame. 63% was the calculated percentage change for the GFARM2 market over the past week. When compared to the price fluctuations during the observed period of time, the 63% market capitalization movement was accompanied by a 64% change in the price of the coin. In the preceding week, February 5 - February 11, the market capitalization of Gains Farm got a 11% adjustment ($256 355 950 to $229 131 196) in comparison to a 63% change last week; this allows getting a deeper insight into the market structure.

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Article date: February 18 | February 12 - 18

Market reviews for similar coins for February 12 - 18