Marscoin sees limited 4% gains between January 15 and January 21 as the market cools down.
The analysis of last week’s price action shows that the Marscoin market is in the bullish phase since the price has been moving upward. MARS has been going through a period of medium volatility, which fell in line with the occurred price changes. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
The unfolding situation in the Marscoin market suggests that the reviewed digital asset is in the stage of mild volatility. The average volatility of 5% was the reason why the price of MARS didn't put up any significant gains. The highest point of the coin's volatility reached 6.28% in the analyzed time frame. The price of the asset had fluctuated the least on January 19, when the volatility plummeted to 0.01%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
During the opening day on January 15, MARS has had a 6% move to the upside. On January 16 the coin market stayed neutral, with no changes in the price. During the following trading period on January 17, the price of Marscoin oscillated between the low at $0.056 and the high at $0.058, while the price moved down by 2%. On January 19, MARS market moved by 3% in the bearish direction in concert with the trading volume. The developments on the Marscoin market on January 19 started with the price opening at $0.05 and subsequently moving to $0.06, the close of the day, while dropping to the 24H low at $0.054 and spiking to the 24H high at $0.054. The price action on January 20 saw the crypto coin moving along the following route: starting point at $0.06 and closing point at $0.06, while it also deviated to establish the high of the day at $0.058 and the low of the day at $0.057. On the last day of the reviewed period, the coin was locked between $0.06 and $0.06, though the price managed to puncture these levels to reach the 24H high at $0.06 and the 24H low at $0.058. The highest point of the price action over the week was at $0.06 - the weekly low during the same period was established at $0.054. Marscoin bounced 4% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.002.
In the period January 15 - January 21, the trading volume of Marscoin went from $16 294 on the first day of the reviewed period to $13 891 on the closing day. In order to have a better grasp of the MARS 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 $11 123 to $25 319. The average trading volume of the asset fluctuated by 17% by comparison with the previous period, whereas the price change of 4% took place over the same period of time.
MARS experienced no change in total market capitalization during the past week. The price of the coin was not changed, with a 0% shift in its total market capitalization. Marscoin market capitalization from the week before experienced no change, as a result there were no price fluctuations.