The capitulation of March 6 - March 12 : PlatON Network experienced a 28% dive.
Between March 6 - March 12, PlatON Network has been mostly bearish as its price has been in the falling mode. The price swings of LAT pointed to the presence of medium volatility. The asset saw its market capitalization falling over the reviewed period together with its price. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
PlatON Network has been moving reservedly on the backdrop of average volatility. Our comprehensive data indicates that the price change of LAT has been moderate on the back of the average volatility of 17% for the given time period. The coin was the most volatile on March 6, when the range of its price fluctuations reached 21.79%. On March 10, the volatility of the asset was at its minimum at 2.45%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
The losses of LAT after the weekly open on March 6 amounted to 3%. On March 7, the price of the coin has shifted by 6% from the daily open on the back of a good trading volume. During the next trading day, the rate of change in the price of PlatON Network stood at 8% having reached the low at $0.02 and the high at $0.02 as the advantage remained on the side of sellers. The LAT market was down as the price shifted by 10% on March 9, against the backdrop of the sufficient trading volume. The price oscillation of PlatON Network on March 10 was in the $0.02 - $0.01 range; at the same time, the price stretched out to reach the 24H low at $0.013 and the 24H high at $0.017. The trading period on March 11 saw the crypto coin forming the price amplitude between the open at $0.01 and the close at $0.01, also interacting with $0.013 (24H low) and $0.013 (24H high). Most trading activity on March 12 occurred in the space between $0.01 and $0.02; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.014, though the bulls had also staged the rally to the 24H high at $0.016. During the reviewed time period, the asset was able to achieve the weekly high at $0.02, though at a certain point, the bear pressurized the price down to the weekly low at $0.01. PlatON Network shaped the $0.006 price range over the week of price action, which constituted the 28% gap between the weekly low and the weekly high.
In the period March 6 - March 12, the trading volume of PlatON Network went from $2 646 103 on the first day of the reviewed period to $720 724 on the closing day. In order to have a better grasp of the LAT 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 $1 448 683 to $3 094 837. The average trading volume of the asset fluctuated by 33% by comparison with the previous period, whereas the price change of 28% took place over the same period of time.
PlatON Network had its total market capitalization change from $86 454 317 on March 6 to $53 116 723 on March 12, the end of the examined time frame. When translated to percentage rate, the market capitalization of LAT over the past week adjusted by 39%. As a consequence of the 39% fluctuation in its market capitalization, the price of the coin changed by 28%. During the week before the analyzed time frame, the market capitalization of PlatON Network moved by 4% as it went from $82 186 432 to $78 975 304, and gave a better understanding of the general direction in which this market is flowing.