A 48% price appreciation seen on the Gains Farm market between March 11 and March 17.
The behavior of Gains Farm last week was characterized by the occurrence of upswings. The volatility of GFARM2 has been medium throughout the reviewed period in correspondence with the price action. The market capitalization of the asset has been increasing in concert with the price of the coin. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
The volatility has been suppressed, as the Gains Farm price action suggests. The market analysis reveals that the mild average volatility of 19% restrained GFARM2 's price swings. The coin has hit the highest point of volatility on March 11. The price of the asset had fluctuated the least on March 15, when the volatility plummeted to 1.19%. The crypto coin's market didn't put up any surprises due to mild average volatility of 19%.
The opening price of Gains Farm was at $6 404 on March 11, with having a more visible presence on the market. During the opening day on March 11, GFARM2 has had a 2% move to the downside. On March 12, the price of the coin has shifted by 3% from the daily open on the back of a good trading volume. The cautious traders dominated the price action on March 13, with the Gains Farm market remaining flat. On March 14, the value of GFARM2 was in the range, with the market remaining flat. Gains Farm finalized the trading day of March 15 at $7 656 after opening it at $7 210, though the price broke through that corridor to hit the 24H high at $8 173 and the 24H low at $7 173. The price action on March 16 saw the crypto coin moving along the following route: starting point at $7 486 and closing point at $9 179, while it also deviated to establish the high of the day at $9 194 and the low of the day at $7 486. The coin's market saw no changes on March 17, as the market flatlined. During the reviewed time period, the asset was able to achieve the weekly high at $9 494, though at a certain point, the bear pressurized the price down to the weekly low at $6 060. Traders saw Gains Farm covering the $3 000 distance between the weekly low and the weekly high, which constituted for a 48% move.
As for the average trading volume in the time slot between March 11 and March 17, the Gains Farm market registered the change from $446 to $15 507. 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 $2 220 to $14 029. The 36% trading volume fluctuation between March 11 and March 17, as compared with the previous period, served as a basis for a 48% price move.
Gains Farm had its total market capitalization change from $229 470 204 on March 11 to $324 283 814 on March 17, the end of the examined time frame. Percentage-wise, the market capitalization of GFARM2 has shifted by 41% in the past week. When compared to the price fluctuations during the observed period of time, the 41% market capitalization movement was accompanied by a 48% change in the price of the coin. 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 12% as it went from $267 555 770 to $229 470 204.