Down by 2% : The IoTeX market saw some bearish action last week (September 23 - September 29).
Between September 23 - September 29, IoTeX has been mostly as its price has been in the falling mode. The price swings of IOTX pointed to the presence of low volatility. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
The price action of IoTeX is in a stalemate due to low volatility during the observed period. The insignificant movement of the IOTX market came as the result of low average volatility that amounted to 0.01%. 2.04% was the maximum volatility that the coin managed to showcase on September 27. The price action on the asset's market was the weakest on September 28 when the volatility was at 0.01%, the minimum for the given period of time. The low volatility of 0.01% means that the crypto coin is weak and incapable of any sizable price swings.
The losses of IOTX after the weekly open on September 23 amounted to 1%. The coin market was up by 1% on September 24, the second day of the reviewed time period. The bears dominated the price action during the following trading period as the price drifted 2% to the downside, having established the low for the reviewed time frame at $0.03, while the high was recorded at $0.03. On September 27, IOTX market moved by 1% in the bearish direction in concert with the trading volume. The price range of IoTeX on September 27 formed between $0.03 and $0.03, whereas the daily price extremities were $0.03 and $0.03. No changes were observed on the crypto coin's market on September 28. The coin found the deepest trough (24H low) at $0.028 on September 29 and then exploded to the ceiling (24H high) at $0.029; the price range for that day was between $0.03 and $0.03. $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 2%, as the price moved in the $0.0005 wide corridor.
The trading activity on the IoTeX market over the past week - September 23 to September 29 - generated the average trading volume that went from $15 098 067 to $8 784 628. During the week before September 23, the trading volume of IOTX flowed from $6 332 619 to $18 648 245. The 9% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 2%.
The change in the total market capitalization of IoTeX from September 23 to September 29 was as follows: on September 23, the capitalization was at $282 389 816, while on September 29, it reached the level of $268 155 727. The rate of percentage change for the last week for IOTX was 5%. While the market capitalization of the coin was altered by 5%, its price has made a 2% change. The comparison with the IoTeX market capitalization seen during the time period September 16 - September 22 that occurred before the observed one, which changed by 4%, from $251 728 911 to $262 870 049, allows us to get a clearer understanding of current market conditions.