Gains Farm

Gains Farm exploded by 22% in the period of February 14 - February 20 as the buyers got an upper hand.

The analysis of last week’s price action shows that the Gains Farm market is in the bullish phase since the price has been moving upward. The volatility associated with the GFARM2 market was high, as were its price fluctuations. The price action on the coin's market translated to the growth of market capitalization. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.

According to our calculations, Gains Farm experiences larger than usual price fluctuations, which translates to the average volatility percentage of 40.94% during the period under review. The volatility of the asset has reached the extreme after going as high as 40.94% - it happened on February 14. The coin's market was the least volatile on February 20 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 opening price of Gains Farm was at $6 481 on February 14, with buyers having a more visible presence on the market. On February 14, the first trading session of the reviewed time period, the market participants saw GFARM2 moving up by 15%. The 1% move in the downward direction took place on the second day after the weekly open. Gains Farm posted the interim low at $7 298 on February 16 and then moved up by 7% and peaked at $8 150. GFARM2 ’s performance during February 17 was the following: the price increased by 42% in conjunction with the acceptable trading volume. After the open at $11 144, Gains Farm moved during February 18 in the range between the said open and the close at $10 818, having posted the 24H low at $10 406 and the 24H high at $11 271. While the 24H high and low on February 19 were at $10 284 and $9 213, respectively, the crypto coin had been traded in the area between the open at $10 242 and the close at $9 213. Most trading activity on February 20 occurred in the space between $9 219 and $9 022; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $9 022, though the bulls had also staged the rally to the 24H high at $9 338. The asset posted the weekly low at $6 468, while the top of the weekly trading session was registered at $11 271. Traders saw Gains Farm covering the $1 598 distance between the weekly low and the weekly high, which constituted for a 22% move.

In the period February 14 - February 20, the trading volume of Gains Farm went from $56.41 on the first day of the reviewed period to $14 319 on the closing day. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the GFARM2 market had its volume ranging between $76.89 and $16 427. The asset demonstrated an 634% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 22%.

The total market capitalization of Gains Farm during the past 7-day oscillated between $234 331 960, the starting point that was established on February 14, and $330 372 456 on February 20, the end date of the reviewed period. When translated to percentage rate, the market capitalization of GFARM2 over the past week adjusted by 41%. While the market capitalization of the coin was altered by 41%, its price has made a 22% change. A better understanding of the lay of the land on the Gains Farm market requires a comparison with the preceding week when the total market capitalization of Gains Farm changed by 7% as it went from $254 602 945 to $234 331 960.

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Article date: February 20 | February 14 - 20

Market reviews for similar coins for February 14 - 20