Trustswap sees limited 2% gains between January 15 and January 21 as the market cools down.
Trustswap has been last week as its price has been predominantly rising. The volatility of SWAP has been low throughout the reviewed period in correspondence with the price action. The price action on the coin's market translated to the decline of market capitalization. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
The price action of Trustswap is in a stalemate due to low volatility during the observed period. The average volatility of SWAP was capped at 0.09%, leading to weak fluctuations in the price of Trustswap. Despite the overall weak performance, the volatility of the coin had its highest point at 5.25%. The quietest period on the asset's market was recorded on January 19, when the volatility dropped to the minimum at 0.09%. The volatility of 0.09% is too low for the crypto coin to engage in any attention-worthy price action.
On January 15, the first trading session of the reviewed time period, the market participants saw SWAP moving down by 2%. The 2% move in the upward direction took place on the second day after the weekly open. During the following trading period on January 17, the price of Trustswap oscillated between the low at $0.19 and the high at $0.2, while the price moved up by 1%. The SWAP market was down as the price shifted by 3% on January 18, against the backdrop of the sufficient trading volume. The price range of Trustswap on January 19 formed between $0.19 and $0.18, whereas the daily price extremities were $0.18 and $0.19. The crypto coin opened the trading session on January 20 at $0.18 and finalized it at $0.18; the highest point of price action was at $0.19, the lowest was detected at $0.18. On the last day of the reviewed period, the coin was locked between $0.18 and $0.19, though the price managed to puncture these levels to reach the 24H high at $0.19 and the 24H low at $0.18. The price action on the asset's market during the period between January 15 and January 21 topped at $0.2, while the bottom of the price range was established at $0.18. Traders saw Trustswap covering the $0.003 distance between the weekly low and the weekly high, which constituted for a 2% move.
The past 7 days were marked by a change in average daily trading volume from $962 057 on January 15 to $785 152 on January 21. In order to have a better grasp of the SWAP 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 $658 573 to $1 664 642. Percentage-wise, the trading volume of the asset changed by 0%, in comparison to the previous period, while its price experienced a 2% adjustment.
The total capitalization of Bitcoin at the start of the analyzed time period (January 15) amounted to $15 150 031; by the end of that period (January 21), the capitalization went to $14 662 347. Percentage-wise, the market capitalization of SWAP has shifted by 3% in the past week. While the market capitalization of the coin was altered by 3%, its price has made a 2% change. 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 $13 103 908 on January 8 and $14 941 918 on January 14, which translates to a 14% change.