Coins
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IoTeX
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2022-08-04

The buyers controlled the IoTeX market between July 29 and August 4 as the price grew by 9%.

Between July 29 - August 4, IoTeX has been mostly bullish as its price has been in the rising mode. The situation on the IOTX market shows that the underlying asset is currently experiencing a period of medium volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.

The price action of IoTeX has been contained due to modest volatility. Our comprehensive data indicates that the price change of IOTX has been moderate on the back of the average volatility of 7% for the given time period. The largest volatility for the given period occurred on July 29 and amounted to 8.75%. The asset has been the least volatile on August 2; at this time, the volatility stood at 0.69%. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 7%.

IoTeX began the day on July 29 at $0.03, while the broad background was bullish. IOTX made a 1% step in an upward direction during the first daily trading session that took place on July 29. The market sentiment on July 30 stayed bullish as the coin obtained another 6%. The price range of IoTeX formed between $0.033 and $0.035 on July 31 as the price traveled 1% down. IOTX ’s performance during August 1 was the following: the price declined by 4% in conjunction with the acceptable trading volume. August 2 kicked off with IoTeX trading opening at $0.03 and then closing the session at $0.03, establishing the 24H low at $0.032 and 24H high at $0.033 in the process. The crypto coin opened the trading session on August 3 at $0.03 and finalized it at $0.04; the highest point of price action was at $0.035, the lowest was detected at $0.032. Between the 24H high at $0.037 and the 24H low at $0.035, the coin was traded in the $0.04 - $0.04 price corridor. The highest point of the price action over the week was at $0.037 - the weekly low during the same period was established at $0.032. IoTeX shaped the $0.003 price range over the week of price action, which constituted the 9% gap between the weekly low and the weekly high.

In the period July 29 - August 4, the trading volume of IoTeX went from $32 160 713 on the first day of the reviewed period to $59 859 810 on the closing day. In order to have a better grasp of the IOTX 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 $20 778 672 to $38 184 038. Percentage-wise, the trading volume of the asset changed by 50%, in comparison to the previous period, while its price experienced a 9% adjustment.

Bitcoin began the observed period July 29 - August 4, with the market capitalization of $308 132 392 and finalized it at the market capitalization level of $343 683 115. The percentage change in the total market capitalization of IOTX amounted to 12%. The price of the coin changed by 9% on the back of the 12% shift in its total market capitalization. In the preceding week, July 22 - July 28, the market capitalization of IoTeX got a 13% adjustment ($332 422 882 to $289 060 060) in comparison to a 12% change last week; this allows getting a deeper insight into the market structure.

Price
Volatility
Capitalization
Volume
Fri 29Jul 31AugustWed 03Fri 29Jul 31AugustWed 030.03200.03300.03400.03500.03600.03200.03300.03400.03500.0360
Article date: August 4 | July 29 - August 4

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