Market review from July 31 to August 6 : IoTeX gets a 10% price appreciation.
Between July 31 - August 6, IoTeX has been mostly bullish as its price has been in the rising mode. The volatility of IOTX has been medium throughout the reviewed period in correspondence with the price action. The market capitalization of the asset has been increasing in concert with the price of the coin. The price action of the crypto coin last week took place on the back of increased trading volume.
While the volatility remains restrained, IoTeX isn't making any explosive moves. 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 coin was the most volatile on July 31, when the range of its price fluctuations reached 8.75%. 0.57% was the rock bottom for the asset's volatility that was reached on August 4. The crypto coin's market didn't put up any surprises due to mild average volatility of 7%.
During the opening day on July 31, IOTX has had a 1% move to the downside. August 1 saw the coin going another 4% since the open, supported by the corresponding trading volume. On August 2, the market was moving to the downside as IoTeX went 2% down from the low at $0.032 to the high at $0.033. IOTX ’s performance during August 3 was the following: the price increased by 9% in conjunction with the acceptable trading volume. The developments on the IoTeX market on August 4 started with the price opening at $0.04 and subsequently moving to $0.04, the close of the day, while dropping to the 24H low at $0.035 and spiking to the 24H high at $0.035. While the 24H high and low on August 5 were at $0.038 and $0.036, respectively, the crypto coin had been traded in the area between the open at $0.04 and the close at $0.04. The coin's market saw no changes on August 6, as the market flatlined. The highest point of the price action over the week was at $0.038 - the weekly low during the same period was established at $0.032. IoTeX bounced 10% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.003.
The trading activity on the IoTeX market over the past week - July 31 to August 6 - generated the average trading volume that went from $31 172 332 to $33 481 685. Over the week that came before the analyzed time span, the average trading volume of IOTX ranged between $20 778 672 and $34 364 334. The 63% trading volume fluctuation between July 31 and August 6, as compared with the previous period, served as a basis for a 10% price move.
IoTeX had its total market capitalization change from $315 711 106 on July 31 to $352 024 120 on August 6, the end of the examined time frame. The percentage change in the total market capitalization of IOTX amounted to 12%. While the market capitalization of the coin was altered by 12%, its price has made a 10% change. In the preceding week, July 24 - July 30, the market capitalization of IoTeX got a 1% adjustment ($315 962 617 to $319 228 499) in comparison to a 12% change last week; this allows getting a deeper insight into the market structure.