The bears had a field day between December 27 and January 2 as Leonidas Token got knocked down by 44%.
Leonidas Token has been bearish last week as its price has been predominantly falling. The situation on the LEONIDAS market shows that the underlying asset is currently experiencing a period of high volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
The considerable chops and changes in the price of Leonidas Token resulted in average volatility of 66.67%. The largest volatility percentage during the given time span was 66.67% - it occurred on December 27. The quietest period on the coin's market happened on January 2 as the volatility failed to surpass the 0% mark. The increased volatility of 66.67% on the LEONIDAS market suggests large price swings in either direction, which is indicative of market instability.
The opening price of Leonidas Token was at $0.00001 on December 27, with sellers having a more visible presence on the market. The losses of LEONIDAS after the weekly open on December 27 amounted to 10%. On December 28 the coin market stayed neutral, with no changes in the price. The cautious traders dominated the price action on December 29, with the Leonidas Token market remaining flat. The trading volume on December 30 rendered support to the 67% bullish move of LEONIDAS. On December 31, Leonidas Token finished the trading day with no changes to the flatlined market. No changes were observed on the crypto coin's market on January 1. The coin's market saw no changes on January 2, as the market flatlined. During the reviewed time period, the asset was able to achieve the weekly high at $0.00001, though at a certain point, the bear pressurized the price down to the weekly low at $0.000003. The difference between the lowest and the highest price points for the week was 44%, as the price moved in the $0.000004 wide corridor.
The past 7 days were marked by a change in average daily trading volume from $0.26 on December 27 to $0.007 on January 2. Over the week that came before the analyzed time span, the average trading volume of LEONIDAS ranged between $0.002 and $2.28. The asset demonstrated an 0% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 44%.
The total market capitalization of Leonidas Token during the past 7-day oscillated between $606, the starting point that was established on December 27, and $319 on January 2, the end date of the reviewed period. LEONIDAS experienced a 47% change in total market capitalization throughout the past seven days. While the market capitalization of the coin was altered by 47%, its price has made a 44% change. A better understanding of the lay of the land on the Leonidas Token market requires a comparison with the preceding week when the total market capitalization of Leonidas Token changed by 43% as it went from $1 147 to $606.