Gravity Finance exploded by 14% in the period of February 25 - March 3 as the buyers got an upper hand.
Between February 25 - March 3, Gravity Finance has been mostly bullish as its price has been in the rising mode. The volatility associated with the GFI market was medium, as were its price fluctuations. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
The situation on the Gravity Finance market allows us to characterise its volatility as mild. Given that the average volatility on the GFI market didn't exceed 16%, the price action remained limited. The highest point of the coin's volatility reached 17.84% in the analyzed time frame. 2.02% was the rock bottom for the asset's volatility that was reached on March 1. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
The opening price of Gravity Finance was at $0.02 on February 25, with buyers having a more visible presence on the market. The price of GFI took a 9% down downswing at the open of the weekly trading period. On February 26, the price of the coin has shifted by 2% from the daily open on the back of a good trading volume. On February 27, the market was moving to the downside as Gravity Finance went 18% down from the low at $0.014 to the high at $0.018. GFI ’s performance during February 28 was the following: the price increased by 11% in conjunction with the acceptable trading volume. The price oscillation of Gravity Finance on March 1 was in the $0.02 - $0.02 range; at the same time, the price stretched out to reach the 24H low at $0.02 and the 24H high at $0.02. The trading period on March 2 saw the crypto coin forming the price amplitude between the open at $0.02 and the close at $0.02, also interacting with $0.017 (24H low) and $0.017 (24H high). March 3 presented us with the following price action data: the coin opened the period at $0.02 and went on to establish the low at $0.02 and the high of the day at $0.02 before closing the day at $0.02. The asset posted the weekly low at $0.01, while the top of the weekly trading session was registered at $0.02. The difference between the lowest and the highest price points for the week was 14%, as the price moved in the $0.002 wide corridor.
In the period February 25 - March 3, the trading volume of Gravity Finance went from $18 016 on the first day of the reviewed period to $42 798 on the closing day. During the week before February 25, the trading volume of GFI flowed from $17 726 to $55 142. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 87%, and the 14% price shift.
The total market capitalization of Gravity Finance during the past 7-day oscillated between $18 362 002, the starting point that was established on February 25, and $20 560 851 on March 3, the end date of the reviewed period. When translated to percentage rate, the market capitalization of GFI over the past week adjusted by 12%. The price of the coin changed by 14% on the back of the 12% shift in its total market capitalization. During the week before the analyzed time frame, the market capitalization of Gravity Finance moved by 1% as it went from $18 781 967 to $18 521 756, and gave a better understanding of the general direction in which this market is flowing.