The bulls muster more strength as League of Ancients rises by 36% from January 18 to January 24.
The upward movement of the League of Ancients price last week indicates the chosen market is bullish. LOA has been going through a period of medium volatility, which fell in line with the occurred price changes. There has been a rise in the market capitalization of the asset during the period under review. The price action of the crypto coin from last week stemmed from the increasing trading volume.
League of Ancients has been moving reservedly on the backdrop of average volatility. Given that the average volatility on the LOA market didn't exceed 17%, the price action remained limited. The most significant volatility occurred on January 18 and reached 20.3%. The asset has been the least volatile on January 22; at this time, the volatility stood at 0.79%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
The losses of LOA after the weekly open on January 18 amounted to 3%. The market sentiment on January 19 stayed as the coin obtained another 3%. During the next trading day, the rate of change in the price of League of Ancients stood at 2% having reached the low at $0.0028 and the high at $0.0029 as the advantage remained on the side of buyers. The LOA market was up as the price shifted by 4% on January 21, against the backdrop of the sufficient trading volume. January 22 kicked off with League of Ancients trading opening at $0.003 and then closing the session at $0.003, establishing the 24H low at $0.003 and 24H high at $0.003 in the process. The activity on the crypto coin's market on January 23 resulted in the asset being traded between $0.003, the open of the day, and $0.003, the close of the day; at some point, the price spiked to the daily high at $0.003 and briefly dropped to the daily low at $0.003. January 24 presented us with the following price action data: the coin opened the period at $0.003 and went on to establish the low at $0.0031 and the high of the day at $0.0038 before closing the day at $0.004. $0.003 was the bottom of price action for the week, though the price went to the high extreme at $0.004 over the same time period. League of Ancients bounced 36% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.001.
League of Ancients ’s average trading volume on the opening day of the observed time period, January 18, stood at $12 328, while on the closing day of the same period, it moved to $14 529. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the LOA market had its volume ranging between $10 750 and $30 362. The asset demonstrated an 1% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 36%.
The change in the total market capitalization of League of Ancients from January 18 to January 24 was as follows: on January 18, the capitalization was at $763 267, while on January 24, it reached the level of $858 684. When translated to percentage rate, the market capitalization of LOA over the past week adjusted by 13%. While the market capitalization of the coin was altered by 13%, 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 $712 125 on January 11 and $781 868 on January 17, which translates to a 10% change.