May 19 - May 25 price action review: Gains Network goes down by 10%.
The analysis of last week’s price action shows that the Gains Network market is in the phase since the price has been moving downward. GNS has been going through a period of medium volatility, which fell in line with the occurred price changes. The asset saw its market capitalization falling over the reviewed period together with its price. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
Gains Network has been moving reservedly on the backdrop of average volatility. The market analysis reveals that the mild average volatility of 6% restrained GNS 's price swings. The coin was the most volatile on May 19, when the range of its price fluctuations reached 6.79%. The asset's volatility was at its lowest on May 23 when it dropped to 0.19%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
The market sentiment on May 20 stayed as the coin obtained another 1%. Gains Network posted the interim low at $5.02 on May 21 and then moved down by 4% and peaked at $5.28. On May 22, the value of GNS was in the range, with the market remaining flat. The developments on the Gains Network market on May 23 started with the price opening at $5.04 and subsequently moving to $5.01, the close of the day, while dropping to the 24H low at $4.95 and spiking to the 24H high at $4.95. The price action on May 24 saw the crypto coin moving along the following route: starting point at $5.01 and closing point at $4.67, while it also deviated to establish the high of the day at $5.04 and the low of the day at $4.64. The coin's market saw no changes on May 25, as the market flatlined. The highest point of the price action over the week was at $5.72 - the weekly low during the same period was established at $4.64. As a result of price action within the designated time period, the price movement range on the Gains Network market was established at $0.55 or 10% between the weekly low and the weekly high.
As for the average trading volume in the time slot between May 19 and May 25, the Gains Network market registered the change from $12 456 595 to $8 372 417. A more comprehensive analysis of GNS price action requires the comparison of the trading volume between May 19 and May 25 with that from the preceding week that demonstrated how the trading volume fluctuated between $5 944 239 and $11 173 375. Percentage-wise, the trading volume of the asset changed by 12%, in comparison to the previous period, while its price experienced a 10% adjustment.
The total market capitalization of Gains Network during the past 7-day oscillated between $171 409 426, the starting point that was established on May 19, and $144 999 150 on May 25, the end date of the reviewed period. The percentage change in the total market capitalization of GNS amounted to 15%. As a consequence of the 15% fluctuation in its market capitalization, the price of the coin changed by 10%. Gains Network ’s market capitalization from the week before changed by 16%, as the result of fluctuation between $142 428 322 and $171 409 426, to give a clearer vision of the current state of the market.