Coins
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Minto
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2022-09-27

Market analysis September 21 - September 27 : Minto posts a 62% rally.

The analysis of last week’s price action shows that the Minto market is in the bullish phase since the price has been moving upward. The volatility associated with the BTCMT market was high, as were its price fluctuations. The asset saw its market capitalization falling over the reviewed period together with its price. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.

The volatility of Minto was at 81% on average, which caused noticeable price fluctuations. The peak of the asset's volatility fell on September 21 after it went all the way to 81%. The coin saw its volatility drop to a minimum at 0.93% on September 27. When the volatility goes as high as 81%, the BTCMT market tends to be erratic and hard to predict.

While the overall situation on the Minto market was bullish, the trading session on September 21 kicked off at the $0.57 price level. The price action of the coin remained bearish on September 22 as the bears pushed the price down by 14%. The price range of Minto formed between $0.46 and $0.47 on September 23 as the price traveled 1% up. The next trading session was characterized by more bullish price action (as BTCMT made a 9% move) on the back of the consistent trading volume. Minto finalized the trading day of September 25 at $0.63 after opening it at $0.73, though the price broke through that corridor to hit the 24H high at $0.76 and the 24H low at $0.47. The price action on September 26 saw the crypto coin moving along the following route: starting point at $0.63 and closing point at $0.49, while it also deviated to establish the high of the day at $1.05 and the low of the day at $0.47. Between the 24H high at $0.88 and the 24H low at $0.48, the coin was traded in the $0.49 - $0.88 price corridor. The asset posted the weekly low at $0.46, while the top of the weekly trading session was registered at $1.05. Minto bounced 62% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.33.

In the period September 21 - September 27, the trading volume of Minto went from $8 314 on the first day of the reviewed period to $347 on the closing day. We can draw the comparison with the period of 7 days that preceded the reviewed one when BTCMT ’s trading volume varied from $11.65 to $7 341. The 89% 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 62%.

The change in the total market capitalization of Minto from September 21 to September 27 was as follows: on September 21, the capitalization was at $1 418 562, while on September 27, it reached the level of $1 192 913. Percentage-wise, the market capitalization of BTCMT has shifted by 16% in the past week. The said 16% percentage change in market capitalization of the coin was accompanied by the 62% fluctuation in the price of the underlying asset. Minto ’s market capitalization from the week before changed by 11%, as the result of fluctuation between $1 819 657 and $1 418 562, to give a clearer vision of the current state of the market.

Price
Volatility
Capitalization
Volume
Wed 21Fri 23Sep 25Tue 27Wed 21Fri 23Sep 25Tue 270.500.600.700.800.900.500.600.700.800.90
Article date: September 27 | September 21 - 27

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