Lunch Money

Lunch Money exploded by 50% in the period of January 2 - January 8 as the buyers got an upper hand.

The bullish behavior of Lunch Money last week was characterized by the occurrence of upswings. The volatility of LMY has been medium throughout the reviewed period in correspondence with the price action. The asset saw its market capitalization growing over the reviewed period together with its price. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.

The situation on the Lunch Money market allows us to characterise its volatility as mild. Our comprehensive data indicates that the price change of LMY has been moderate on the back of the average volatility of 15% for the given time period. The volatility of the coin reached its highest point at 16.37% during the observed period. On January 6, the volatility of the asset was at its minimum at 0.38%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.

The opening price of Lunch Money was at $0.0004 on January 2, with buyers having a more visible presence on the market. There were no gains or losses to the LMY market on January 2, it remained flat. January 3 saw the coin going another 1% since the open, supported by the corresponding trading volume. The cautious traders dominated the price action on January 4, with the Lunch Money market remaining flat. Over the next trading period (on January 5), LMY was moving up by 13% on the back of a congruous trading volume. On January 6, Lunch Money finished the trading day with no changes to the flatlined market. No changes were observed on the crypto coin's market on January 7. On the last day of the reviewed period, the coin was locked between $0.0006 and $0.0006, though the price managed to puncture these levels to reach the 24H high at $0.0006 and the 24H low at $0.0006. $0.0004 was the bottom of price action for the week, though the price went to the high extreme at $0.0006 over the same time period. Lunch Money shaped the $0.0002 price range over the week of price action, which constituted the 50% gap between the weekly low and the weekly high.

As for the average trading volume in the time slot between January 2 and January 8, the Lunch Money market registered the change from $17.35 to $14.87. In order to have a better grasp of the LMY market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $4.97 to $26.01. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 175%, and the 50% price shift.

The total capitalization of Bitcoin at the start of the analyzed time period (January 2) amounted to $57 945; by the end of that period (January 8), the capitalization went to $83 647. Percentage-wise, the market capitalization of LMY has shifted by 44% in the past week. When compared to the price fluctuations during the observed period of time, the 44% market capitalization movement was accompanied by a 50% change in the price of the coin. The comparison with the Lunch Money market capitalization seen during the time period December 26 - January 1 that occurred before the observed one, which changed by 3%, from $60 728 to $62 768, allows us to get a clearer understanding of current market conditions.

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Article date: January 8 | January 2 - 8

Market reviews for similar coins for January 2 - 8