Market review from July 27 to August 2 : IoTeX gets a 9% price appreciation.

The price of IoTeX was rising last from July 27 until August 2, giving enough reason to conclude that the market is. The price swings of IOTX pointed to the presence of medium volatility. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. 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 IoTeX price action suggests. The market analysis reveals that the mild average volatility of 8% restrained IOTX 's price swings. The most significant volatility occurred on July 27 and reached 10.09%. The asset saw its volatility drop to the lowest level for the given period on July 31 as it shrank to 0.69%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.

The gains of IOTX after the weekly open on July 27 amounted to 7%. The market sentiment on July 28 stayed as the coin obtained another 8%. The bulls dominated the price action during the following trading period as the price drifted 1% to the upside, having established the low for the reviewed time frame at $0.032, while the high was recorded at $0.033. The trading volume on July 30 rendered support to the 6% bullish move of IOTX. After the open at $0.03, IoTeX moved during July 31 in the range between the said open and the close at $0.03, having posted the 24H low at $0.033 and the 24H high at $0.035. The activity on the crypto coin's market on August 1 resulted in the asset being traded between $0.03, the open of the day, and $0.03, the close of the day; at some point, the price spiked to the daily high at $0.034 and briefly dropped to the daily low at $0.033. On the last day of the reviewed period, the coin was locked between $0.03 and $0.03, though the price managed to puncture these levels to reach the 24H high at $0.033 and the 24H low at $0.032. Over the course of all trading sessions, the asset established the weekly low at $0.03 while buyers managed to push the price up to the weekly high at $0.04. IoTeX bounced 9% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.003.

As for the average trading volume in the time slot between July 27 and August 2, the IoTeX market registered the change from $20 778 672 to $40 719 485. During the week before July 27, the trading volume of IOTX flowed from $21 407 404 to $67 344 329. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 17%, and the 9% price shift.

The change in the total market capitalization of IoTeX from July 27 to August 2 was as follows: on July 27, the capitalization was at $269 117 213, while on August 2, it reached the level of $314 143 034. When translated to percentage rate, the market capitalization of IOTX over the past week adjusted by 17%. The price of the coin changed by 9% on the back of the 17% shift in its total market capitalization. A more precise analysis of the IoTeX market also requires a comparison with the change in market capitalization from the week before, which amounted to 16% on the back of the move from $332 553 719 to $278 317 426.

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Article date: August 2 | July 27 - August 2

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