Last week’s (September 17 - September 23) irresolute IoTeX : the price moved up no more than 2%.

The behavior of IoTeX last week was characterized by the occurrence of upswings. IOTX has been going through a period of medium volatility, which fell in line with the occurred price changes. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.

The situation on the IoTeX market allows us to characterise its volatility as mild. We established that IOTX didn't showcase any significant price action due to the market's mild average volatility of 7%. The most significant volatility occurred on September 17 and reached 7.59%. 0.06% was the rock bottom for the asset's volatility that was reached on September 21. Since the volatility of 7% can be deemed as mild, the crypto coin's market can be characterised as composed.

IOTX made a 7% step in an upward direction during the first daily trading session that took place on September 17. September 18 saw the coin going another 2% since the open, supported by the corresponding trading volume. The cautious traders dominated the price action on September 19, with the IoTeX market remaining flat. On September 20, the value of IOTX was in the range, with the market remaining flat. The price oscillation of IoTeX on September 21 was in the $0.03 - $0.03 range; at the same time, the price stretched out to reach the 24H low at $0.028 and the 24H high at $0.03. The price action on September 22 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. Between the 24H high at $0.03 and the 24H low at $0.03, the coin was traded in the $0.03 - $0.03 price corridor. The highest point of the price action over the week was at $0.03 - the weekly low during the same period was established at $0.03. IoTeX bounced 2% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.0005.

The trading activity on the IoTeX market over the past week - September 17 to September 23 - generated the average trading volume that went from $9 152 616 to $15 098 067. We can draw the comparison with the period of 7 days that preceded the reviewed one when IOTX ’s trading volume varied from $8 774 788 to $16 397 873. The average trading volume of the asset fluctuated by 3% by comparison with the previous period, whereas the price change of 2% took place over the same period of time.

IoTeX had its total market capitalization change from $258 180 259 on September 17 to $282 389 816 on September 23, the end of the examined time frame. The percentage change in the total market capitalization of IOTX amounted to 9%. The said 9% percentage change in market capitalization of the coin was accompanied by the 2% fluctuation in the price of the underlying asset. 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 16% as it went from $298 885 020 to $258 180 259.

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Article date: September 23 | September 17 - 23

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