Mimir Token

The capitulation of January 2 - January 8 : Mimir Token experienced a 38% dive.

Mimir Token has been last week as its price has been predominantly falling. The situation on the MIMIR market shows that the underlying asset is currently experiencing a period of high volatility. 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.

According to our calculations, Mimir Token experiences larger than usual price fluctuations, which translates to the average volatility percentage of 93.99% during the period under review. The volatility of the asset has reached the extreme after going as high as 93.99% - it happened on January 2. The lowest volatility for the given period was spotted on January 8 and reached 1.3%. The present volatility of 93.99% is indicative of unstable market conditions.

The were dictating the terms on the Mimir Token market on January 2 - the trading session opened at $0.001. During the opening day on January 2, MIMIR has had a 92% move to the upside. The price action of the coin remained on January 3 as the pushed the price down by 14%. On January 4, the market was moving to the downside as Mimir Token went 8% down from the low at $0.002 to the high at $0.002. The MIMIR market was down as the price shifted by 14% on January 5, against the backdrop of the sufficient trading volume. Mimir Token finalized the trading day of January 6 at $0.002 after opening it at $0.002, though the price broke through that corridor to hit the 24H high at $0.0017 and the 24H low at $0.0017. The activity on the crypto coin's market on January 7 resulted in the asset being traded between $0.002, the open of the day, and $0.002, the close of the day; at some point, the price spiked to the daily high at $0.0017 and briefly dropped to the daily low at $0.00167. Most trading activity on January 8 occurred in the space between $0.002 and $0.002; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.00163, though the bulls had also staged the rally to the 24H high at $0.00167. The highest point of the price action over the week was at $0.003 - the weekly low during the same period was established at $0.001. Traders saw Mimir Token covering the $0.001 distance between the weekly low and the weekly high, which constituted for a 38% move.

As for the average trading volume in the time slot between January 2 and January 8, the Mimir Token market registered the change from $15 240 to $14 924. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the MIMIR market had its volume ranging between $10 201 and $16 704. Percentage-wise, the trading volume of the asset changed by 69%, in comparison to the previous period, while its price experienced a 38% adjustment.

MIMIR 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. Mimir Token market capitalization from the week before experienced no change, as a result there were no price fluctuations.

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Article date: January 8 | January 2 - 8

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