January 7 - January 13 market wrap: SOGA Project had a slight 2% drop.
Between January 7 - January 13, SOGA Project has been mostly bearish as its price has been in the falling mode. The volatility of SOGA has been low throughout the reviewed period in correspondence with the price action. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
According to our market analysis, the weak price movement of SOGA Project was dictated by low volatility. The data derived from our credible sources shows that the average volatility of SOGA didn't exceed 0%, which is indicative of weak price action. Despite the overall weak performance, the volatility of the coin had its highest point at 1.97%. The calmest period on the asset's market was registered on January 12, when the volatility failed to exceed 0%. 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 gains of SOGA after the weekly open on January 7 amounted to 1%. The coin market was down by 1% on January 8, the second day of the reviewed time period. On January 9, the market was moving to the upside as SOGA Project went 1% up from the low at $0.00105 to the high at $0.00107. The next trading session was characterized by more price action (as SOGA made a 2% move) on the back of the consistent trading volume. On January 11, SOGA Project finished the trading day with no changes to the flatlined market. No changes were observed on the crypto coin's market on January 12. Between the 24H high at $0.00107 and the 24H low at $0.00105, the coin was traded in the $0.001 - $0.001 price corridor. $0.00104 was the bottom of price action for the week, though the price went to the high extreme at $0.00107 over the same time period. SOGA Project bounced 2% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.00002.
Over the period of the last 7 days, January 7 to January 13, SOGA Project saw its average trading volume fluctuate between $53 788 and $53 773. A more comprehensive analysis of SOGA price action requires the comparison of the trading volume between January 7 and January 13 with that from the preceding week that demonstrated how the trading volume fluctuated between $46 397 and $55 099. Percentage-wise, the trading volume of the asset changed by 3%, in comparison to the previous period, while its price experienced a 2% adjustment.
SOGA experienced no change in total market capitalization during the past week. The price of the coin was not changed, with a 0% shift in its total market capitalization. SOGA Project market capitalization from the week before experienced no change, as a result there were no price fluctuations.