The bulls muster more strength as Polka Ventures rises by 19% from January 3 to January 9.
Between January 3 - January 9, Polka Ventures has been mostly as its price has been in the rising mode. POLVEN has been going through a period of medium volatility, which fell in line with the occurred price changes. The price action on the coin's market translated to the growth of market capitalization. The price action of the crypto coin last week took place on the back of increased trading volume.
The situation on the Polka Ventures market allows us to characterise its volatility as mild. We established that POLVEN didn't showcase any significant price action due to the market's mild average volatility of 6%. The coin has hit the highest point of volatility on January 3. The asset's volatility was at its lowest on January 7 when it dropped to 1.36%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
The were dictating the terms on the Polka Ventures market on January 3 - the trading session opened at $0.008. On January 3, the first trading session of the reviewed time period, the market participants saw POLVEN moving down by 7%. The coin market was up by 4% on January 4, the second day of the reviewed time period. The cautious traders dominated the price action on January 5, with the Polka Ventures market remaining flat. The next trading session was characterized by more price action (as POLVEN made a 9% move) on the back of the consistent trading volume. After the open at $0.008, Polka Ventures moved during January 7 in the range between the said open and the close at $0.008, having posted the 24H low at $0.008 and the 24H high at $0.008. The crypto coin opened the trading session on January 8 at $0.008 and finalized it at $0.008; the highest point of price action was at $0.008, the lowest was detected at $0.008. The coin found the deepest trough (24H low) at $0.008 on January 9 and then exploded to the ceiling (24H high) at $0.009; the price range for that day was between $0.008 and $0.009. The highest point of the price action over the week was at $0.009 - the weekly low during the same period was established at $0.007. Polka Ventures bounced 19% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.001.
Polka Ventures ’s average trading volume on the opening day of the observed time period, January 3, stood at $14 293, while on the closing day of the same period, it moved to $15 839. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the POLVEN market had its volume ranging between $13 049 and $16 084. Percentage-wise, the trading volume of the asset changed by 3%, in comparison to the previous period, while its price experienced a 19% adjustment.
The past week saw the market capitalization of Polka Ventures making a shift from $147 349 on January 3 to $154 550 on January 9, the peak for the analyzed period. The rate of percentage change for the last week for POLVEN was 5%. The 5% change in the coin's market capitalization affected the price rate that saw a 19% shift in the same time period. In the preceding week, December 27 - January 2, the market capitalization of Polka Ventures got a 15% adjustment ($158 805 to $135 430) in comparison to a 5% change last week; this allows getting a deeper insight into the market structure.