Coins
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RAI Finance
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2022-08-17

August 11 - August 17 price action recap: RAI Finance sees a weak 2% gain as the buyers take a step back.

The price of RAI Finance was rising last from August 11 until August 17, giving enough reason to conclude that the market is. The volatility associated with the SOFI market was high, as were its price fluctuations. The price action on the coin's market translated to the decline of market capitalization. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

We have established that the average volatility of RAI Finance was at 29.31% in concert with its rapid price change. The peak of the asset's volatility fell on August 11 after it went all the way to 29.31%. The coin saw its volatility drop to a minimum at 0.18% on August 17. When the volatility goes as high as 29.31%, the SOFI market tends to be erratic and hard to predict.

The price of SOFI took a 32% down downswing at the open of the weekly trading period. On August 12, the price of the coin has shifted by 3% 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 RAI Finance stood at 2% having reached the low at $0.11 and the high at $0.11 as the advantage remained on the side of sellers. On August 14, the value of SOFI was in the range, with the market remaining flat. The developments on the RAI Finance market on August 15 started with the price opening at $0.11 and subsequently moving to $0.12, the close of the day, while dropping to the 24H low at $0.1 and spiking to the 24H high at $0.1. The price action on August 16 saw the crypto coin moving along the following route: starting point at $0.12 and closing point at $0.11, while it also deviated to establish the high of the day at $0.116 and the low of the day at $0.113. The coin's market saw no changes on August 17, as the market flatlined. The asset posted the weekly low at $0.1, while the top of the weekly trading session was registered at $0.16. RAI Finance bounced 2% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.002.

The past 7 days were marked by a change in average daily trading volume from $15 595 589 on August 11 to $462 404 on August 17. In order to have a better grasp of the SOFI 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 $181 730 to $14 147 442. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 56%, and the 2% price shift.

Bitcoin began the observed period August 11 - August 17, with the market capitalization of $31 640 541 and finalized it at the market capitalization level of $29 895 776. Percentage-wise, the market capitalization of SOFI has shifted by 6% in the past week. While the market capitalization of the coin was altered by 6%, its price has made a 2% change. A better understanding of the lay of the land on the RAI Finance market requires a comparison with the preceding week when the total market capitalization of RAI Finance changed by 45% as it went from $23 905 960 to $31 640 541.

Price
Volatility
Capitalization
Volume
Thu 11Sat 13Mon 15Wed 17Thu 11Sat 13Mon 15Wed 170.1080.1100.1120.1140.1160.1080.1100.1120.1140.116
Article date: August 17 | August 11 - 17

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