Monero-Classic exploded by 2274% in the period of January 13 - January 19 as the buyers got an upper hand.

The analysis of last week’s price action shows that the Monero-Classic market is in the phase since the price has been moving upward. The price swings of XMC pointed to the presence 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.

The volatility of Monero-Classic was at 2450.98% on average, which caused noticeable price fluctuations. The peak of the asset's volatility fell on January 13 after it went all the way to 2450.98%. The coin's market was the least volatile on January 19 when this particular metric didn’t exceed 0.19%. The present volatility of 2450.98% renders the XMC market unstable with the possibility of violent price swings.

During the opening day on January 13, XMC has had a 96% move to the downside. The market sentiment on January 14 stayed as the coin obtained another 2450%. During the next trading day, the rate of change in the price of Monero-Classic stood at 1% having reached the low at $0.394 and the high at $0.4 as the advantage remained on the side of sellers. XMC ’s performance during January 16 was the following: the price declined by 95% in conjunction with the acceptable trading volume. The price oscillation of Monero-Classic on January 17 was in the $0.02 - $0.39 range; at the same time, the price stretched out to reach the 24H low at $0.02 and the 24H high at $0.4. On January 18, the crypto coin showcased the following price fluctuations: the trading session began at $0.39 and then traveled from the low of the day at $0.02 to the high of the day at $0.4, closing at $0.02. Most trading activity on January 19 occurred in the space between $0.02 and $0.37; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.02, though the bulls had also staged the rally to the 24H high at $0.38. The asset posted the weekly low at $0.01, while the top of the weekly trading session was registered at $0.42. As a result of price action within the designated time period, the price movement range on the Monero-Classic market was established at $0.35 or 2274% between the weekly low and the weekly high.

In the period January 13 - January 19, the trading volume of Monero-Classic went from $14 413 on the first day of the reviewed period to $12 796 on the closing day. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the XMC market had its volume ranging between $430 and $15 013. Percentage-wise, the trading volume of the asset changed by 7%, in comparison to the previous period, while its price experienced a 2274% adjustment.

XMC 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. Monero-Classic market capitalization from the week before experienced no change, as a result there were no price fluctuations.

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Article date: January 19 | January 13 - 19

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