The market crumbled last week (November 6 - November 12) as Kusama lost 36%.

Kusama has been bearish last week as its price has been predominantly falling. The situation on the KSM market shows that the underlying asset is currently experiencing a period of medium volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

The situation on the Kusama market allows us to characterise its volatility as mild. Given that the average volatility on the KSM market didn't exceed 15%, the price action remained limited. The coin was the most volatile on November 6, when the range of its price fluctuations reached 18.39%. The asset has been the least volatile on November 10; at this time, the volatility stood at 3.54%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.

The losses of KSM after the weekly open on November 6 amounted to 4%. The price action of the coin remained on November 7 as the pushed the price down by 3%. On November 8, the market was moving to the downside as Kusama went 18% down from the low at $30.54 to the high at $37.11. KSM ’s performance during November 9 was the following: the price declined by 14% in conjunction with the acceptable trading volume. The developments on the Kusama market on November 10 started with the price opening at $26.05 and subsequently moving to $27.88, the close of the day, while dropping to the 24H low at $24.24 and spiking to the 24H high at $24.24. On November 11, the crypto coin showcased the following price fluctuations: the trading session began at $28.09 and then traveled from the low of the day at $25.7 to the high of the day at $28.9, closing at $25.7. On the last day of the reviewed period, the coin was locked between $25.62 and $24.45, though the price managed to puncture these levels to reach the 24H high at $26.18 and the 24H low at $24.18. The highest point of the price action over the week was at $39.51 - the weekly low during the same period was established at $24.18. Kusama bounced 36% between the low of the week and the peak price for the same time period, ultimately creating a price range of $13.48.

Kusama ’s average trading volume on the opening day of the observed time period, November 6, stood at $137 138 309, while on the closing day of the same period, it moved to $37 692 328. We can draw the comparison with the period of 7 days that preceded the reviewed one when KSM ’s trading volume varied from $25 325 793 to $86 318 741. The 36% trading volume fluctuation between November 6 and November 12, as compared with the previous period, served as a basis for a 36% price move.

The total market capitalization of Kusama during the past 7-day oscillated between $346 718 438, the starting point that was established on November 6, and $233 944 484 on November 12, the end date of the reviewed period. KSM experienced a 33% change in total market capitalization throughout the past seven days. While the market capitalization of the coin was altered by 33%, its price has made a 36% change. 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 $321 366 427 on October 30 and $324 977 514 on November 5, which translates to a 1% change.

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Article date: November 12 | November 6 - 12

Market reviews for similar coins for November 6 - 12