SingularityDAO exploded by 78% in the period of March 11 - March 17 as the buyers got an upper hand.

The analysis of last week’s price action shows that the SingularityDAO market is in the phase since the price has been moving upward. The volatility of SDAO has been high throughout the reviewed period in correspondence with the price action. The asset saw its market capitalization growing over the reviewed period together with its price. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.

The considerable chops and changes in the price of SingularityDAO resulted in average volatility of 42.03%. The asset was the most volatile on March 11 when the registered volatility shot up to 42.03%. The quietest period on the coin's market happened on March 17 as the volatility failed to surpass the 1.85% mark. The present volatility of 42.03% is indicative of unstable market conditions.

The opening price of SingularityDAO was at $0.46 on March 11, with having a more visible presence on the market. During the opening day on March 11, SDAO has had a 10% move to the downside. The market sentiment on March 12 stayed as the coin obtained another 10%. SingularityDAO posted the interim low at $0.44 on March 13 and then moved up by 46% and peaked at $0.65. The next trading session was characterized by more price action (as SDAO made a 22% move) on the back of the consistent trading volume. The developments on the SingularityDAO market on March 15 started with the price opening at $0.71 and subsequently moving to $0.67, the close of the day, while dropping to the 24H low at $0.63 and spiking to the 24H high at $0.63. The activity on the crypto coin's market on March 16 resulted in the asset being traded between $0.66, the open of the day, and $0.72, the close of the day; at some point, the price spiked to the daily high at $0.74 and briefly dropped to the daily low at $0.64. Between the 24H high at $0.76 and the 24H low at $0.71, the coin was traded in the $0.72 - $0.73 price corridor. The price action on the asset's market during the period between March 11 and March 17 topped at $0.79, while the bottom of the price range was established at $0.4. SingularityDAO bounced 78% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.32.

Over the period of the last 7 days, March 11 to March 17, SingularityDAO saw its average trading volume fluctuate between $3 838 075 and $6 061 224. In order to have a better grasp of the SDAO 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 $2 465 761 to $5 920 318. The average trading volume of the asset fluctuated by 68% by comparison with the previous period, whereas the price change of 78% took place over the same period of time.

SingularityDAO had its total market capitalization change from $36 198 664 on March 11 to $55 328 484 on March 17, the end of the examined time frame. Percentage-wise, the market capitalization of SDAO has shifted by 53% in the past week. As a consequence of the 53% fluctuation in its market capitalization, the price of the coin changed by 78%. A more precise analysis of the SingularityDAO market also requires a comparison with the change in market capitalization from the week before, which amounted to 32% on the back of the move from $52 769 189 to $35 837 996.

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Article date: March 17 | March 11 - 17

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