Hempcoin market stayed flat from February 11 - February 17.
Hempcoin portrayed neutral behavior last week, with no changes in the price. THC was caught in a period of high volatility, which was reflected in its price action. The price action on the coin's market translated to the growth of market capitalization. The price action of the crypto coin from last week stemmed from the increasing trading volume.
The considerable chops and changes in the price of Hempcoin resulted in average volatility of 31.06%. The peak of the asset's volatility fell on February 11 after it went all the way to 31.06%. The volatility of the coin fell to its lowest on February 17 when it slid to 0.41%. The increased volatility of 31.06% on the THC market suggests large price swings in either direction, which is indicative of market instability.
On February 11, the Hempcoin market opened at $0.002, preceded by a period of bearish action. On February 12 the coin market stayed neutral, with no changes in the price. During the following trading period on February 13, the price of Hempcoin oscillated between the low at $0.0022 and the high at $0.0029, while the price moved up by 32%. THC ’s performance during February 14 was the following: the price declined by 24% in conjunction with the acceptable trading volume. February 15 kicked off with Hempcoin trading opening at $0.002 and then closing the session at $0.002, establishing the 24H low at $0.00215 and 24H high at $0.00218 in the process. No changes were observed on the crypto coin's market on February 16. Most trading activity on February 17 occurred in the space between $0.002 and $0.002; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.002, though the bulls had also staged the rally to the 24H high at $0.006. Throughout the reviewed time period, no changes were observed on the asset's market. There was no difference between the lowest and highest price points for the observed week, with the Hempcoin market flatlining.
As for the average trading volume in the time slot between February 11 and February 17, the Hempcoin market registered the change from $729 to $0.02. In order to have a better grasp of the THC 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 $6.22 to $1 206. The 0% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 0%.
Bitcoin began the observed period February 11 - February 17, with the market capitalization of $579 149 and finalized it at the market capitalization level of $640 816. When translated to percentage rate, the market capitalization of THC over the past week adjusted by 11%. While the market capitalization of the coin was altered by 11%, its price has made a 0% change. A better understanding of the lay of the land on the Hempcoin market requires a comparison with the preceding week when the total market capitalization of Hempcoin changed by 2% as it went from $627 726 to $579 149.