Premia exploded by 91% in the period of September 3 - September 9 as the buyers got an upper hand.
Between September 3 - September 9, Premia has been mostly bullish as its price has been in the rising mode. The price swings of PREMIA pointed to the presence of high volatility. The asset saw its market capitalization growing over the reviewed period together with its price. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
The volatility of Premia was at 37.09% on average, which caused noticeable price fluctuations. The highest volatility was recorded on September 3 - it amounted to 37.09%. The coin's market was the least volatile on September 9 when this particular metric didn’t exceed 0.07%. 37.09% is too high a volatility for the PREMIA market to be considered stable and easily predictable.
The first day of price action was marked by the 2% move to the upside from the point where the trading session opened. On September 4, the price of the coin has shifted by 35% from the daily open on the back of a good trading volume. The price range of Premia formed between $1.16 and $1.38 on September 5 as the price traveled 10% up. The trading volume on September 6 rendered support to the 2% bearish move of PREMIA. The developments on the Premia market on September 7 started with the price opening at $1.32 and subsequently moving to $1.51, the close of the day, while dropping to the 24H low at $1.2 and spiking to the 24H high at $1.2. On September 8, the crypto coin showcased the following price fluctuations: the trading session began at $1.54 and then traveled from the low of the day at $1.54 to the high of the day at $1.72, closing at $1.6. September 9 presented us with the following price action data: the coin opened the period at $1.61 and went on to establish the low at $1.61 and the high of the day at $1.89 before closing the day at $1.67. The price action on the asset's market during the period between September 3 and September 9 topped at $1.89, while the bottom of the price range was established at $0.85. As a result of price action within the designated time period, the price movement range on the Premia market was established at $0.79 or 91% between the weekly low and the weekly high.
Over the period of the last 7 days, September 3 to September 9, Premia saw its average trading volume fluctuate between $375 342 and $967 515. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the PREMIA market had its volume ranging between $242 019 and $466 455. The average trading volume of the asset fluctuated by 206% by comparison with the previous period, whereas the price change of 91% took place over the same period of time.
Bitcoin began the observed period September 3 - September 9, with the market capitalization of $9 219 661 and finalized it at the market capitalization level of $17 172 555. Percentage-wise, the market capitalization of PREMIA has shifted by 86% in the past week. As a consequence of the 86% fluctuation in its market capitalization, the price of the coin changed by 91%. During the week before the analyzed time frame, the market capitalization of Premia moved by 14% as it went from $8 036 147 to $9 145 010, and gave a better understanding of the general direction in which this market is flowing.