Market analysis March 11 - March 17 : Toucan Protocol: Base Carbon Tonne posts a 30% rally.

Between March 11 - March 17, Toucan Protocol: Base Carbon Tonne has been mostly as its price has been in the rising mode. The volatility of BCT has been medium throughout the reviewed period in correspondence with the price action. There has been a rise in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of increased trading volume.

Toucan Protocol: Base Carbon Tonne has been moving reservedly on the backdrop of average volatility. We established that BCT didn't showcase any significant price action due to the market's mild average volatility of 17%. The coin has hit the highest point of volatility on March 11. The asset's volatility was at its lowest on March 15 when it dropped to 0%. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 17%.

The trading session on March 11 started with Toucan Protocol: Base Carbon Tonne opening at $1.5 on the backdrop of neutral sentiment throughout the market. The first day of price action was marked by the 15% move to the downside from the point where the trading session opened. The coin market was up by 17% on March 12, the second day of the reviewed time period. During the next trading day, the rate of change in the price of Toucan Protocol: Base Carbon Tonne stood at 8% having reached the low at $1.47 and the high at $1.62 as the advantage remained on the side of buyers. BCT ’s performance during March 14 was the following: the price declined by 1% in conjunction with the acceptable trading volume. Toucan Protocol: Base Carbon Tonne finalized the trading day of March 15 at $1.66 after opening it at $1.56, though the price broke through that corridor to hit the 24H high at $1.67 and the 24H low at $1.56. On March 16, the crypto coin showcased the following price fluctuations: the trading session began at $1.65 and then traveled from the low of the day at $1.64 to the high of the day at $1.69, closing at $1.66. The coin's market saw no changes on March 17, as the market flatlined. During the reviewed time period, the asset was able to achieve the weekly high at $1.69, though at a certain point, the bear pressurized the price down to the weekly low at $1.24. As a result of price action within the designated time period, the price movement range on the Toucan Protocol: Base Carbon Tonne market was established at $0.38 or 30% between the weekly low and the weekly high.

Toucan Protocol: Base Carbon Tonne ’s average trading volume on the opening day of the observed time period, March 11, stood at, while on the closing day of the same period, it moved to $8 891. In order to have a better grasp of the BCT 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 $611 to $16 979. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 9%, and the 30% price shift.

Toucan Protocol: Base Carbon Tonne had its total market capitalization change from $27 958 667 on March 11 to $30 732 978 on March 17, the end of the examined time frame. The percentage change in the total market capitalization of BCT amounted to 10%. As a consequence of the 10% fluctuation in its market capitalization, the price of the coin changed by 30%. In the preceding week, March 4 - March 10, the market capitalization of Toucan Protocol: Base Carbon Tonne got a 8% adjustment ($30 814 671 to $28 414 547) in comparison to a 10% change last week; this allows getting a deeper insight into the market structure.

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Article date: March 17 | March 11 - 17

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