Klaytn showed a moderate 9% growth between November 17 and November 23.
Between November 17 - November 23, Klaytn has been mostly as its price has been in the rising mode. The situation on the KLAY market shows that the underlying asset is currently experiencing a period of medium volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
While the volatility remains restrained, Klaytn isn't making any explosive moves. The average volatility of 11% was the reason why the price of KLAY didn't put up any significant gains. The volatility of the coin reached its highest point at 12.29% during the observed period. On November 21, the volatility of the asset was at its minimum at 0.35%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
The trading session on November 17 started with Klaytn opening at $0.17 on the backdrop of neutral sentiment throughout the market. There were no gains or losses to the KLAY market on November 17, it remained flat. The price action of the coin remained on November 18 as the pushed the price up by 3%. During the next trading day, the rate of change in the price of Klaytn stood at 1% having reached the low at $0.17 and the high at $0.17 as the advantage remained on the side of buyers. On November 21, KLAY market moved by 1% in the bearish direction in concert with the trading volume. November 21 kicked off with Klaytn trading opening at $0.17 and then closing the session at $0.16, establishing the 24H low at $0.16 and 24H high at $0.17 in the process. The activity on the crypto coin's market on November 22 resulted in the asset being traded between $0.16, the open of the day, and $0.16, the close of the day; at some point, the price spiked to the daily high at $0.16 and briefly dropped to the daily low at $0.16. The coin found the deepest trough (24H low) at $0.16 on November 23 and then exploded to the ceiling (24H high) at $0.19; the price range for that day was between $0.16 and $0.18. During the reviewed time period, the asset was able to achieve the weekly high at $0.19, though at a certain point, the bear pressurized the price down to the weekly low at $0.16. As a result of price action within the designated time period, the price movement range on the Klaytn market was established at $0.01 or 9% between the weekly low and the weekly high.
The past 7 days were marked by a change in average daily trading volume from $24 177 073 on November 17 to $21 870 290 on November 23. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the KLAY market had its volume ranging between $34 477 501 and $85 612 895. The 61% trading volume fluctuation between November 17 and November 23, as compared with the previous period, served as a basis for a 9% price move.
The change in the total market capitalization of Klaytn from November 17 to November 23 was as follows: on November 17, the capitalization was at $509 348 954, while on November 23, it reached the level of $499 704 595. Percentage-wise, the market capitalization of KLAY has shifted by 2% in the past week. The 2% change in the coin's market capitalization affected the price rate that saw a 9% shift in the same time period. A more precise analysis of the Klaytn market also requires a comparison with the change in market capitalization from the week before, which amounted to 14% on the back of the move from $456 277 922 to $517 951 630.