May 19 - May 25 market watch: SparksPay goes up by 70% as buying pressure persists.
The upward movement of the SparksPay price last week indicates the chosen market is bullish. SPK has been going through a period of high volatility, which fell in line with the occurred price changes. 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.
Due to the active price action, the average volatility of SparksPay jumped to 74.4%. The peak of the asset's volatility fell on May 19 after it went all the way to 74.4%. The coin saw its volatility drop to a minimum at 0.06% on May 25. The high volatility of 74.4% points to the possibility of unpredictable and violent price action.
There were no gains or losses to the SPK market on May 19, it remained flat. May 20 saw the coin going another 1% since the open, supported by the corresponding trading volume. During the next trading day, the rate of change in the price of SparksPay stood at 1% having reached the low at $0.00202 and the high at $0.00204 as the advantage remained on the side of sellers. On May 22, the value of SPK was in the range, with the market remaining flat. May 23 kicked off with SparksPay trading opening at $0.002 and then closing the session at $0.002, establishing the 24H low at $0.002 and 24H high at $0.0027 in the process. The activity on the crypto coin's market on May 24 resulted in the asset being traded between $0.002, the open of the day, and $0.002, the close of the day; at some point, the price spiked to the daily high at $0.002 and briefly dropped to the daily low at $0.002. As for the occurrences on May 25, the price of the coin bottomed at $0.002 and peaked at $0.003, while its daily range formed between $0.002 and $0.003. During the reviewed time period, the asset was able to achieve the weekly high at $0.003, though at a certain point, the bear pressurized the price down to the weekly low at $0.002. As a result of price action within the designated time period, the price movement range on the SparksPay market was established at $0.001 or 70% between the weekly low and the weekly high.
The past 7 days were marked by a change in average daily trading volume from $0.28 on May 19 to $0.44 on May 25. We can draw the comparison with the period of 7 days that preceded the reviewed one when SPK ’s trading volume varied from $0.15 to $15.7. The asset demonstrated an 100% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 70%.
SPK 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. SparksPay market capitalization from the week before experienced no change, as a result there were no price fluctuations.