Gains Farm

The market crumbled last week (March 5 - March 11) as Gains Farm lost 12%.

Gains Farm has been bearish last week as its price has been predominantly falling. GFARM2 has been going through a period of medium volatility, which fell in line with the occurred price changes. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The price action of the crypto coin last week took place on the back of decreased trading volume.

The price action of Gains Farm has been contained due to modest volatility. Our comprehensive data indicates that the price change of GFARM2 has been moderate on the back of the average volatility of 7% for the given time period. The highest point of the coin's volatility reached 7.67% in the analyzed time frame. The asset has been the least volatile on March 9; at this time, the volatility stood at 1.22%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.

The first day of price action was marked by the 3% move to the upside from the point where the trading session opened. On March 6, the price of the coin has shifted by 7% from the daily open on the back of a good trading volume. On March 7, the market was moving to the downside as Gains Farm went 4% down from the low at $7 337 to the high at $8 081. On March 9, GFARM2 market moved by 1% in the bearish direction in concert with the trading volume. The price range of Gains Farm on March 9 formed between $7 392 and $6 917, whereas the daily price extremities were $6 917 and $7 422. The trading period on March 10 saw the crypto coin forming the price amplitude between the open at $6 823 and the close at $6 387, also interacting with $6 304 (24H low) and $6 304 (24H high). On the last day of the reviewed period, the coin was locked between $6 404 and $6 292, though the price managed to puncture these levels to reach the 24H high at $6 453 and the 24H low at $6 170. During the reviewed time period, the asset was able to achieve the weekly high at $8 081, though at a certain point, the bear pressurized the price down to the weekly low at $6 170. Gains Farm bounced 12% between the low of the week and the peak price for the same time period, ultimately creating a price range of $834.

The past 7 days were marked by a change in average daily trading volume from $4 626 on March 5 to $446 on March 11. We can draw the comparison with the period of 7 days that preceded the reviewed one when GFARM2 ’s trading volume varied from $53.43 to $50 417. The 53% trading volume fluctuation between March 5 and March 11, as compared with the previous period, served as a basis for a 12% price move.

The total market capitalization of Gains Farm during the past 7-day oscillated between $246 844 513, the starting point that was established on March 5, and $229 470 204 on March 11, the end date of the reviewed period. Percentage-wise, the market capitalization of GFARM2 has shifted by 7% in the past week. The price of the coin changed by 12% on the back of the 7% shift in its total market capitalization. In the preceding week, February 26 - March 4, the market capitalization of Gains Farm got a 9% adjustment ($294 572 737 to $267 555 770) in comparison to a 7% change last week; this allows getting a deeper insight into the market structure.

Mar 05Tue 07Thu 09Sat 11Mar 05Tue 07Thu 09Sat 116,5007,0007,5006,5007,0007,500
Article date: March 11 | March 5 - 11

Market reviews for similar coins for March 5 - 11