Reservedly bullish : the price of Tokoin grew by 7% in the period of September 16 - September 22.
The upward movement of the Tokoin price last week indicates the chosen market is. The price swings of TOKO pointed to the presence of low 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 analysis of events on the Tokoin market shows that the cryptocurrency under review is experiencing a period of low volatility. Our data shows that the average volatility of TOKO didn't exceed 0.52%, which is why its price remained constrained. The most significant price swings occurred on September 20, when the volatility of the coin was at its highest for the given period at 5.05%. The price action on the asset's market was the weakest on September 21 when the volatility was at 0.52%, the minimum for the given period of time. Since the current volatility of the crypto coin is low, we expect the price fluctuations of the digital asset at hand to be insignificant.
On September 16, the Tokoin market opened at $0.003, preceded by a period of neutral action. The coin market was up by 2% on September 17, the second day of the reviewed time period. The bulls dominated the price action during the following trading period as the price drifted 2% to the upside, having established the low for the reviewed time frame at $0.0028, while the high was recorded at $0.0029. The next trading session was characterized by more price action (as TOKO made a 17% move) on the back of the consistent trading volume. The price range of Tokoin on September 20 formed between $0.003 and $0.003, whereas the daily price extremities were $0.003 and $0.003. On September 21, the crypto coin showcased the following price fluctuations: the trading session began at $0.003 and then traveled from the low of the day at $0.003 to the high of the day at $0.003, closing at $0.003. Between the 24H high at $0.003 and the 24H low at $0.003, the coin was traded in the $0.003 - $0.003 price corridor. The price action on the asset's market during the period between September 16 and September 22 topped at $0.003, while the bottom of the price range was established at $0.003. Tokoin shaped the $0.0002 price range over the week of price action, which constituted the 7% gap between the weekly low and the weekly high.
As for the average trading volume in the time slot between September 16 and September 22, the Tokoin market registered the change from $223 330 to $238 581. In order to have a better grasp of the TOKO 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 $196 355 to $302 094. The average trading volume of the asset fluctuated by 12% by comparison with the previous period, whereas the price change of 7% took place over the same period of time.
The total market capitalization of Tokoin during the past 7-day oscillated between $1.17, the starting point that was established on September 16, and $1.19 on September 22, the end date of the reviewed period. The rate of percentage change for the last week for TOKO was 1%. When compared to the price fluctuations during the observed period of time, the 1% market capitalization movement was accompanied by a 7% change in the price of the coin. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $1.36 on September 9 and $1.2 on September 15, which translates to a 12% change.