The bears had a field day between September 16 and September 22 as Kermit Finance got knocked down by 40%.

The analysis of last week’s price action shows that the Kermit Finance market is in the phase since the price has been moving downward. The volatility associated with the KERMIT market was high, as were its price fluctuations. The market capitalization of the asset has been decreasing in concert with the price of the coin. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.

According to our calculations, Kermit Finance experiences larger than usual price fluctuations, which translates to the average volatility percentage of 24.63% during the period under review. The highest volatility was recorded on September 16 - it amounted to 24.63%. The quietest period on the coin's market happened on September 22 as the volatility failed to surpass the 0% mark. 24.63% is too high a volatility for the KERMIT market to be considered stable and easily predictable.

There were no gains or losses to the KERMIT market on September 16, it remained flat. On September 17 the coin market stayed neutral, with no changes in the price. The cautious traders dominated the price action on September 18, with the Kermit Finance market remaining flat. On September 19, the value of KERMIT was in the range, with the market remaining flat. The developments on the Kermit Finance market on September 20 started with the price opening at $0.000001 and subsequently moving to $0.0000008, the close of the day, while dropping to the 24H low at $0.0000006 and spiking to the 24H high at $0.0000006. The price action on September 21 saw the crypto coin moving along the following route: starting point at $0.0000008 and closing point at $0.0000008, while it also deviated to establish the high of the day at $0.0000008 and the low of the day at $0.0000007. On the last day of the reviewed period, the coin was locked between $0.0000008 and $0.0000006, though the price managed to puncture these levels to reach the 24H high at $0.000001 and the 24H low at $0.0000006. $0.0000006 was the bottom of price action for the week, though the price went to the high extreme at $0.000002 over the same time period. Kermit Finance shaped the $0.0000004 price range over the week of price action, which constituted the 40% gap between the weekly low and the weekly high.

As for the average trading volume in the time slot between September 16 and September 22, the Kermit Finance market registered the change from $15.9 to $0.39. Over the week that came before the analyzed time span, the average trading volume of KERMIT ranged between $0.7 and $9.9. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 0%, and the 40% price shift.

The past week saw the market capitalization of Kermit Finance making a shift from $11.08 on September 16 to $5.77 on September 22, the peak for the analyzed period. When translated to percentage rate, the market capitalization of KERMIT over the past week adjusted by 48%. The price of the coin changed by 40% on the back of the 48% shift in its total market capitalization. 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 $12.34 on September 9 and $12.39 on September 15, which translates to a 0% change.

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Article date: September 22 | September 16 - 22

Market reviews for similar coins for September 16 - 22