A 51% price appreciation seen on the Lunch Money market between January 6 and January 12.
The price of Lunch Money was rising last from January 6 until January 12, giving enough reason to conclude that the market is bullish. LMY has been going through a period of medium volatility, which fell in line with the occurred price changes. The asset saw its market capitalization growing over the reviewed period together with its price. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
The unfolding situation in the Lunch Money market suggests that the reviewed digital asset is in the stage of mild volatility. The average volatility of 13% was the reason why the price of LMY didn't put up any significant gains. The most significant volatility occurred on January 6 and reached 14.12%. The asset has been the least volatile on January 10; at this time, the volatility stood at 0.28%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
There were no gains or losses to the LMY market on January 6, it remained flat. On January 7 the coin market stayed neutral, with no changes in the price. Lunch Money posted the interim low at $0.0006 on January 8 and then moved up by 11% and peaked at $0.0006. On January 10, LMY market moved by 6% in the bullish direction in concert with the trading volume. The developments on the Lunch Money market on January 10 started with the price opening at $0.0007 and subsequently moving to $0.0007, the close of the day, while dropping to the 24H low at $0.00066 and spiking to the 24H high at $0.00066. No changes were observed on the crypto coin's market on January 11. The coin found the deepest trough (24H low) at $0.0008 on January 12 and then exploded to the ceiling (24H high) at $0.0009; the price range for that day was between $0.0008 and $0.0008. During the reviewed time period, the asset was able to achieve the weekly high at $0.0009, though at a certain point, the bear pressurized the price down to the weekly low at $0.0005. The price action on the weekly time frame made Lunch Money within the 51% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.0003.
In the period January 6 - January 12, the trading volume of Lunch Money went from $103 on the first day of the reviewed period to $20.21 on the closing day. 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 $22.94. The 179% trading volume fluctuation between January 6 and January 12, as compared with the previous period, served as a basis for a 51% price move.
The past week saw the market capitalization of Lunch Money making a shift from $77 930 on January 6 to $113 377 on January 12, the peak for the analyzed period. 45% was the calculated percentage change for the LMY market over the past week. The price of the coin changed by 51% on the back of the 45% shift in its total market capitalization. During the week before the analyzed time frame, the market capitalization of Lunch Money moved by 9% as it went from $61 037 to $66 655, and gave a better understanding of the general direction in which this market is flowing.