Market review from September 5 to September 11 : IoTeX gets a 6% price appreciation.
The price of IoTeX was rising last from September 5 until September 11, giving enough reason to conclude that the market is. The price swings of IOTX pointed to the presence of medium volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The price action of the crypto coin from last week stemmed from the increasing trading volume.
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 11% for the given time period. The coin was the most volatile on September 5, when the range of its price fluctuations reached 12.37%. The price of the asset had fluctuated the least on September 9, when the volatility plummeted to 0.23%. The crypto coin's market didn't put up any surprises due to mild average volatility of 11%.
The trading session on September 5 started with IoTeX opening at $0.03 on the backdrop of neutral sentiment throughout the market. The losses of IOTX after the weekly open on September 5 amounted to 2%. The market sentiment on September 6 stayed bearish as the coin obtained another 7%. The bulls dominated the price action during the following trading period as the price drifted 2% to the upside, having established the low for the reviewed time frame at $0.027, while the high was recorded at $0.028. On September 8, the value of IOTX was in the range, with the market remaining flat. The developments on the IoTeX market on September 9 started with the price opening at $0.03 and subsequently moving to $0.03, the close of the day, while dropping to the 24H low at $0.03 and spiking to the 24H high at $0.03. No changes were observed on the crypto coin's market on September 10. The coin's market saw no changes on September 11, as the market flatlined. $0.03 was the bottom of price action for the week, though the price went to the high extreme at $0.03 over the same time period. The difference between the lowest and the highest price points for the week was 6%, as the price moved in the $0.002 wide corridor.
IoTeX ’s average trading volume on the opening day of the observed time period, September 5, stood at $5 376 987, while on the closing day of the same period, it moved to $10 802 500. 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 $5 133 128 to $16 138 503. The asset demonstrated an 9% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 6%.
The change in the total market capitalization of IoTeX from September 5 to September 11 was as follows: on September 5, the capitalization was at $286 129 496, while on September 11, it reached the level of $298 045 217. The rate of percentage change for the last week for IOTX was 4%. The said 4% percentage change in market capitalization of the coin was accompanied by the 6% fluctuation in the price of the underlying asset. IoTeX ’s market capitalization from the week before changed by 8%, as the result of fluctuation between $304 800 173 and $286 129 496, to give a clearer vision of the current state of the market.