Coins
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Secure Cash
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2023-01-28

January 22 - January 28 market wrap: Secure Cash had a slight 2% drop.

The downward movement of the Secure Cash price last week indicates the chosen market is. The situation on the SCSX market shows that the underlying asset is currently experiencing a period of low volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.

The price action of Secure Cash is in a stalemate due to low volatility during the observed period. With the average volatility being as low as 0.39%, SCSX was incapable of making any sizable price swings. 1.88% was the maximum volatility that the coin managed to showcase on January 26. The weakest volatility level of 0.39% on the asset's market was registered on January 27. Since the current volatility of the crypto coin is low, we expect the price fluctuations of the digital asset at hand to be insignificant.

The trading session on January 22 started with Secure Cash opening at $0.01 on the backdrop of neutral sentiment throughout the market. During the opening day on January 22, SCSX has had a 2% move to the downside. The market sentiment on January 23 stayed as the coin obtained another 1%. On January 24, the market was moving to the upside as Secure Cash went 1% up from the low at $0.009 to the high at $0.009. The trading volume on January 25 rendered support to the 12% bullish move of SCSX. The price range of Secure Cash on January 26 formed between $0.009 and $0.009, whereas the daily price extremities were $0.008 and $0.01. The trading period on January 27 saw the crypto coin forming the price amplitude between the open at $0.009 and the close at $0.009, also interacting with $0.008 (24H low) and $0.008 (24H high). The coin found the deepest trough (24H low) at $0.008 on January 28 and then exploded to the ceiling (24H high) at $0.009; the price range for that day was between $0.009 and $0.009. $0.008 was the bottom of price action for the week, though the price went to the high extreme at $0.01 over the same time period. The price action on the weekly time frame made Secure Cash within the 2% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.0002.

In the period January 22 - January 28, the trading volume of Secure Cash went from $116 on the first day of the reviewed period to $107 on the closing day. In order to have a better grasp of the SCSX 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 $110 to $135. The asset demonstrated an 10% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 2%.

The change in the total market capitalization of Secure Cash from January 22 to January 28 was as follows: on January 22, the capitalization was at $1 111, while on January 28, it reached the level of $1 098. The percentage change in the total market capitalization of SCSX amounted to 1%. As a consequence of the 1% fluctuation in its market capitalization, the price of the coin changed by 2%. A more precise analysis of the Secure Cash market also requires a comparison with the change in market capitalization from the week before, which amounted to 12% on the back of the move from $1 251 to $1 103.

Price
Volatility
Capitalization
Volume
Mon 23Wed 25Fri 27Mon 23Wed 25Fri 270.009200.009250.009300.009350.009400.009450.009200.009250.009300.009350.009400.00945
Article date: January 28 | January 22 - 28

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