The torpid Tenset had its price rise only by 3% last week (September 7 - September 13).
The upward movement of the Tenset price last week indicates the chosen market is. The situation on the 10SET market shows that the underlying asset is currently experiencing a period of medium volatility. The price action on the coin's market translated to the growth of market capitalization. The price action of the crypto coin last week took place on the back of increased trading volume.
The situation on the Tenset market allows us to characterise its volatility as mild. During the reviewed period, the volatility of 10SET was in the middle register, averaging at 5%. The most significant volatility occurred on September 7 and reached 5.53%. On September 11, the volatility of the asset was at its minimum at 0.87%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
On September 7, the Tenset market opened at $2.23, preceded by a period of neutral action. On September 8 the coin market stayed neutral, with no changes in the price. During the next trading day, the rate of change in the price of Tenset stood at 5% having reached the low at $2.16 and the high at $2.3 as the advantage remained on the side of buyers. The next trading session was characterized by more price action (as 10SET made a 1% move) on the back of the consistent trading volume. On September 11, Tenset finished the trading day with no changes to the flatlined market. No changes were observed on the crypto coin's market on September 12. The coin found the deepest trough (24H low) at $2.21 on September 13 and then exploded to the ceiling (24H high) at $2.33; the price range for that day was between $2.33 and $2.21. $2.12 was the bottom of price action for the week, though the price went to the high extreme at $2.34 over the same time period. The price action on the weekly time frame made Tenset within the 3% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.06.
Over the period of the last 7 days, September 7 to September 13, Tenset saw its average trading volume fluctuate between $1 085 091 and $1 389 744. A more comprehensive analysis of 10SET price action requires the comparison of the trading volume between September 7 and September 13 with that from the preceding week that demonstrated how the trading volume fluctuated between $148 792 and $1 371 157. The 34% trading volume fluctuation between September 7 and September 13, as compared with the previous period, served as a basis for a 3% price move.
The total capitalization of Bitcoin at the start of the analyzed time period (September 7) amounted to $408 864 136; by the end of that period (September 13), the capitalization went to $427 472 622. 5% was the calculated percentage change for the 10SET market over the past week. When compared to the price fluctuations during the observed period of time, the 5% market capitalization movement was accompanied by a 3% change in the price of the coin. During the week before the analyzed time frame, the market capitalization of Tenset moved by 5% as it went from $444 671 937 to $422 711 896, and gave a better understanding of the general direction in which this market is flowing.