The buyers controlled the IoTeX market between September 16 and September 22 as the price grew by 10%.
Between September 16 - September 22, IoTeX has been mostly as its price has been in the rising mode. 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 last week took place on the back of increased 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 7% for the given time period. The highest point of the coin's volatility reached 7.59% in the analyzed time frame. 0.06% was the rock bottom for the asset's volatility that was reached on September 20. Since the volatility of 7% can be deemed as mild, the crypto coin's market can be characterised as composed.
There were no gains or losses to the IOTX market on September 16, it remained flat. The 7% move in the upward direction took place on the second day after the weekly open. The price range of IoTeX formed between $0.028 and $0.03 on September 18 as the price traveled 2% down. On September 19, the value of IOTX was in the range, with the market remaining flat. On September 20, IoTeX finished the trading day with no changes to the flatlined market. The price action on September 21 saw the crypto coin moving along the following route: starting point at $0.03 and closing point at $0.03, while it also deviated to establish the high of the day at $0.03 and the low of the day at $0.028. The coin found the deepest trough (24H low) at $0.028 on September 22 and then exploded to the ceiling (24H high) at $0.03; the price range for that day was between $0.03 and $0.03. The price action on the asset's market during the period between September 16 and September 22 topped at $0.03, while the bottom of the price range was established at $0.026. Traders saw IoTeX covering the $0.003 distance between the weekly low and the weekly high, which constituted for a 10% move.
Over the period of the last 7 days, September 16 to September 22, IoTeX saw its average trading volume fluctuate between $13 559 757 and $18 648 245. 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 $8 774 788 to $16 397 873. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 2%, and the 10% price shift.
The total market capitalization of IoTeX during the past 7-day oscillated between $251 728 911, the starting point that was established on September 16, and $262 870 049 on September 22, the end date of the reviewed period. The rate of percentage change for the last week for IOTX was 4%. As a consequence of the 4% fluctuation in its market capitalization, the price of the coin changed by 10%. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $265 411 743 on September 9 and $259 178 595 on September 15, which translates to a 2% change.