NEXO market stayed flat from September 8 - September 14.
NEXO portrayed neutral behavior last week, with no changes in the price. The price swings of NEXO pointed to the presence of low volatility. The market capitalization of the asset has been increasing in concert with the price of the coin. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
According to our market analysis, the weak price movement of NEXO was dictated by low volatility. The insignificant movement of the NEXO market came as the result of low average volatility that amounted to 0.24%. Despite the overall weak performance, the volatility of the coin had its highest point at 4.12%. On September 13, the asset didn't make any noticeable price movements as its volatility dropped to the lowest level at 0.24%. The unimpressive volatility of 0.24% showcases the overall weakness of the crypto coin.
The price of NEXO took a 1% up upswing at the open of the weekly trading period. The 5% move in the upward direction took place on the second day after the weekly open. During the next trading day, the rate of change in the price of NEXO stood at 3% having reached the low at $0.94 and the high at $0.98 as the advantage remained on the side of buyers. NEXO ’s performance during September 11 was the following: the price increased by 2% in conjunction with the acceptable trading volume. The developments on the NEXO market on September 12 started with the price opening at $0.98 and subsequently moving to $0.97, the close of the day, while dropping to the 24H low at $0.95 and spiking to the 24H high at $0.95. While the 24H high and low on September 13 were at $0.98 and $0.92, respectively, the crypto coin had been traded in the area between the open at $0.97 and the close at $0.93. As for the occurrences on September 14, the price of the coin bottomed at $0.9 and peaked at $0.93, while its daily range formed between $0.92 and $0.9. Throughout the reviewed time period, no changes were observed on the asset's market. There was no difference between the lowest and highest price points for the observed week, with the NEXO market flatlining.
The past 7 days were marked by a change in average daily trading volume from $9 630 392 on September 8 to $9 676 047 on September 14. Over the week that came before the analyzed time span, the average trading volume of NEXO ranged between $4 764 551 and $31 548 331. The 44% 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 0%.
Bitcoin began the observed period September 8 - September 14, with the market capitalization of $505 560 323 and finalized it at the market capitalization level of $511 294 245. NEXO experienced a 1% change in total market capitalization throughout the past seven days. The 1% change in the coin's market capitalization affected the price rate that saw a 0% shift in the same time period. NEXO ’s market capitalization from the week before changed by 16%, as the result of fluctuation between $603 740 163 and $505 560 323, to give a clearer vision of the current state of the market.