Market analysis February 26 - March 4 : Gravity Finance posts a 14% rally.

The behavior of Gravity Finance last week was characterized by the occurrence of upswings. GFI was caught in a period of medium volatility, which was reflected in its price action. 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.

While the volatility remains restrained, Gravity Finance isn't making any explosive moves. Our comprehensive data indicates that the price change of GFI has been moderate on the back of the average volatility of 16% for the given time period. The coin has hit the highest point of volatility on February 26. The asset's volatility was at its lowest on March 2 when it dropped to 2.02%. The mild volatility registered on the crypto coin's market over the said period allows us to expect moderate price movements in both directions without significant breakouts.

GFI made a 2% step in an upward direction during the first daily trading session that took place on February 26. On February 27, the price of the coin has shifted by 18% from the daily open on the back of a good trading volume. The bulls dominated the price action during the following trading period as the price drifted 11% to the upside, having established the low for the reviewed time frame at $0.014, while the high was recorded at $0.017. The GFI market was up as the price shifted by 16% on March 1, against the backdrop of the sufficient trading volume. Gravity Finance finalized the trading day of March 2 at $0.02 after opening it at $0.02, though the price broke through that corridor to hit the 24H high at $0.02 and the 24H low at $0.017. The price action on March 3 saw the crypto coin moving along the following route: starting point at $0.02 and closing point at $0.02, while it also deviated to establish the high of the day at $0.02 and the low of the day at $0.02. The coin found the deepest trough (24H low) at $0.02 on March 4 and then exploded to the ceiling (24H high) at $0.02; the price range for that day was between $0.02 and $0.02. The highest point of the price action over the week was at $0.02 - the weekly low during the same period was established at $0.01. Traders saw Gravity Finance covering the $0.002 distance between the weekly low and the weekly high, which constituted for a 14% move.

As for the average trading volume in the time slot between February 26 and March 4, the Gravity Finance market registered the change from $37 689 to $44 579. A more comprehensive analysis of GFI price action requires the comparison of the trading volume between February 26 and March 4 with that from the preceding week that demonstrated how the trading volume fluctuated between $17 726 and $52 594. The average trading volume of the asset fluctuated by 135% by comparison with the previous period, whereas the price change of 14% took place over the same period of time.

The total capitalization of Bitcoin at the start of the analyzed time period (February 26) amounted to $18 032 910; by the end of that period (March 4), the capitalization went to $19 091 424. GFI experienced a 6% change in total market capitalization throughout the past seven days. The 6% change in the coin's market capitalization affected the price rate that saw a 14% shift in the same time period. During the week before the analyzed time frame, the market capitalization of Gravity Finance moved by 8% as it went from $19 979 600 to $18 362 002, and gave a better understanding of the general direction in which this market is flowing.

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Article date: March 4 | February 26 - March 4

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