A 11% price appreciation seen on the LuaSwap market between November 11 and November 17.
Between November 11 - November 17, LuaSwap has been mostly as its price has been in the rising mode. LUA has been going through a period of high 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.
During the reported period, LuaSwap has been swinging for the fences, which resulted in an average volatility of 24.08% for the given period. The peak of the asset's volatility fell on November 11 after it went all the way to 24.08%. On November 17, the coin's volatility was at its minimum level of 0.54%. 24.08% is too high a volatility for the LUA market to be considered stable and easily predictable.
During the opening day on November 11, LUA has had a 23% move to the upside. The coin market was down by 32% on November 12, the second day of the reviewed time period. LuaSwap posted the interim low at $0.006 on November 13 and then moved up by 12% and peaked at $0.009. The next trading session was characterized by more price action (as LUA made a 1% move) on the back of the consistent trading volume. The price oscillation of LuaSwap on November 15 was in the $0.007 - $0.007 range; at the same time, the price stretched out to reach the 24H low at $0.0068 and the 24H high at $0.0069. The price action on November 16 saw the crypto coin moving along the following route: starting point at $0.007 and closing point at $0.008, while it also deviated to establish the high of the day at $0.008 and the low of the day at $0.007. November 17 presented us with the following price action data: the coin opened the period at $0.009 and went on to establish the low at $0.008 and the high of the day at $0.01 before closing the day at $0.008. During the reviewed time period, the asset was able to achieve the weekly high at $0.02, though at a certain point, the bear pressurized the price down to the weekly low at $0.006. As a result of price action within the designated time period, the price movement range on the LuaSwap market was established at $0.0008 or 11% between the weekly low and the weekly high.
As for the average trading volume in the time slot between November 11 and November 17, the LuaSwap market registered the change from $87 774 to $2 670. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the LUA market had its volume ranging between $12 351 and $246 984. The 66% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 11%.
The change in the total market capitalization of LuaSwap from November 11 to November 17 was as follows: on November 11, the capitalization was at $1 212 132, while on November 17, it reached the level of $1 783 312. Percentage-wise, the market capitalization of LUA has shifted by 47% in the past week. While the market capitalization of the coin was altered by 47%, its price has made a 11% change. A more precise analysis of the LuaSwap market also requires a comparison with the change in market capitalization from the week before, which amounted to 62% on the back of the move from $2 438 341 to $3 951 977.