VYNK Chain

September 16 - September 22 market watch: VYNK Chain goes up by 936% as buying pressure persists.

Between September 16 - September 22, VYNK Chain has been mostly as its price has been in the rising mode. VYNC has been going through a period of high volatility, which fell in line with the occurred price changes. There has been a rise in the market capitalization of the asset during the period under review. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.

During the reported period, VYNK Chain has been swinging for the fences, which resulted in an average volatility of 1121.59% for the given period. September 16 was the day when the asset was the most volatile, with the volatility going as high as 1121.59%. The quietest period on the coin's market happened on September 22 as the volatility failed to surpass the 13.57% mark. The present volatility of 1121.59% renders the VYNC market unstable with the possibility of violent price swings.

During the opening day on September 16, VYNC has had a 47% move to the upside. September 17 saw the coin going another 14% since the open, supported by the corresponding trading volume. The cautious traders dominated the price action on September 18, with the VYNK Chain market remaining flat. The next trading session was characterized by more price action (as VYNC made a 59% move) on the back of the consistent trading volume. VYNK Chain finalized the trading day of September 20 at $0.005 after opening it at $0.0005, though the price broke through that corridor to hit the 24H high at $0.005 and the 24H low at $0.0005. On September 21, the crypto coin showcased the following price fluctuations: the trading session began at $0.005 and then traveled from the low of the day at $0.0004 to the high of the day at $0.005, closing at $0.0004. As for the occurrences on September 22, the price of the coin bottomed at $0.0003 and peaked at $0.005, while its daily range formed between $0.0004 and $0.005. $0.0003 was the bottom of price action for the week, though the price went to the high extreme at $0.005 over the same time period. Traders saw VYNK Chain covering the $0.004 distance between the weekly low and the weekly high, which constituted for a 936% move.

The past 7 days were marked by a change in average daily trading volume from $326 on September 16 to $273 on September 22. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the VYNC market had its volume ranging between $298 and $7 801. The average trading volume of the asset fluctuated by 18% by comparison with the previous period, whereas the price change of 936% took place over the same period of time.

The total capitalization of Bitcoin at the start of the analyzed time period (September 16) amounted to $23 704; by the end of that period (September 22), the capitalization went to $29 606. The percentage change in the total market capitalization of VYNC amounted to 25%. As a consequence of the 25% fluctuation in its market capitalization, the price of the coin changed by 936%. During the week before the analyzed time frame, the market capitalization of VYNK Chain moved by 93% as it went from $352 675 to $23 686, and gave a better understanding of the general direction in which this market is flowing.

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Article date: September 22 | September 16 - 22

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