IoTeX market stayed flat from August 3 - August 9.

IoTeX portrayed neutral behavior last week, with no changes in the price. IOTX was caught in a period of medium volatility, which was reflected in its price action. There has been a rise in the market capitalization of the asset during the period under review. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.

The situation on the IoTeX market allows us to characterise its volatility as mild. Our comprehensive data indicates that the price change of IOTX has been moderate on the back of the average volatility of 8% for the given time period. The largest volatility for the given period occurred on August 3 and amounted to 8.75%. The asset has been the least volatile on August 7; at this time, the volatility stood at 0.57%. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 8%.

The were dictating the terms on the IoTeX market on August 3 - the trading session opened at $0.03. IOTX made a 9% step in an upward direction during the first daily trading session that took place on August 3. The market sentiment on August 4 stayed bullish as the coin obtained another 1%. During the following trading period on August 5, the price of IoTeX oscillated between the low at $0.036 and the high at $0.038, while the price moved up by 4%. On August 6, the value of IOTX was in the range, with the market remaining flat. August 7 kicked off with IoTeX trading opening at $0.04 and then closing the session at $0.04, establishing the 24H low at $0.036 and 24H high at $0.038 in the process. The price action on August 8 saw the crypto coin moving along the following route: starting point at $0.04 and closing point at $0.04, while it also deviated to establish the high of the day at $0.038 and the low of the day at $0.036. As for the occurrences on August 9, the price of the coin bottomed at $0.035 and peaked at $0.038, while its daily range formed between $0.04 and $0.04. 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 IoTeX market flatlining.

Over the period of the last 7 days, August 3 to August 9, IoTeX saw its average trading volume fluctuate between $41 989 525 and $14 801 151. During the week before August 3, the trading volume of IOTX flowed from $20 778 672 to $40 719 485. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 7%, and the 0% price shift.

The total capitalization of Bitcoin at the start of the analyzed time period (August 3) amounted to $305 554 961; by the end of that period (August 9), the capitalization went to $352 099 078. Percentage-wise, the market capitalization of IOTX has shifted by 15% in the past week. While the market capitalization of the coin was altered by 15%, its price has made a 0% change. A better understanding of the lay of the land on the IoTeX market requires a comparison with the preceding week when the total market capitalization of IoTeX changed by 17% as it went from $269 117 213 to $305 554 961.

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Article date: August 9 | August 3 - 9

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