Gains Farm

The capitulation of February 23 - March 1 : Gains Farm experienced a 11% dive.

Between February 23 - March 1, Gains Farm has been mostly as its price has been in the falling mode. The volatility associated with the GFARM2 market was medium, as were its price fluctuations. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin from last week stemmed from the decreasing trading volume.

The situation on the Gains Farm market allows us to characterise its volatility as mild. Given that the average volatility on the GFARM2 market didn't exceed 7%, the price action remained limited. The largest volatility for the given period occurred on February 23 and amounted to 7.97%. The asset saw its volatility drop to the lowest level for the given period on February 27 as it shrank to 0.43%. The crypto coin's market didn't put up any surprises due to mild average volatility of 7%.

During the opening day on February 23, GFARM2 has had a 8% move to the upside. The coin market was down by 5% on February 24, the second day of the reviewed time period. Gains Farm posted the interim low at $8 220 on February 25 and then moved down by 3% and peaked at $8 592. On February 27, GFARM2 market moved by 2% in the bullish direction in concert with the trading volume. The developments on the Gains Farm market on February 27 started with the price opening at $8 517 and subsequently moving to $8 575, the close of the day, while dropping to the 24H low at $8 517 and spiking to the 24H high at $8 517. The crypto coin opened the trading session on February 28 at $8 436 and finalized it at $8 027; the highest point of price action was at $8 436, the lowest was detected at $8 018. The coin's market saw no changes on March 1, as the market flatlined. The highest point of the price action over the week was at $9 328 - the weekly low during the same period was established at $7 820. Gains Farm bounced 11% between the low of the week and the peak price for the same time period, ultimately creating a price range of $960.

Gains Farm ’s average trading volume on the opening day of the observed time period, February 23, stood at $3 490, while on the closing day of the same period, it moved to $4 525. A more comprehensive analysis of GFARM2 price action requires the comparison of the trading volume between February 23 and March 1 with that from the preceding week that demonstrated how the trading volume fluctuated between $3 405 and $117 949. The average trading volume of the asset fluctuated by 76% by comparison with the previous period, whereas the price change of 11% took place over the same period of time.

The total market capitalization of Gains Farm during the past 7-day oscillated between $302 199 014, the starting point that was established on February 23, and $280 576 066 on March 1, the end date of the reviewed period. GFARM2 experienced a 7% change in total market capitalization throughout the past seven days. The price of the coin changed by 11% on the back of the 7% shift in its total market capitalization. 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 $273 529 404 on February 16 and $318 204 637 on February 22, which translates to a 16% change.

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Article date: March 1 | February 23 - March 1

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