VYNK Chain

VYNK Chain sees limited 4% gains between September 29 and October 5 as the market cools down.

Between September 29 - October 5, VYNK Chain has been mostly bullish as its price has been in the rising mode. The volatility of VYNC has been high throughout the reviewed period in correspondence with the price action. The price action on the coin's market translated to the growth of market capitalization. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.

The considerable chops and changes in the price of VYNK Chain resulted in average volatility of 2299.01%. The largest volatility percentage during the given time span was 2299.01% - it occurred on September 29. The coin's market was the least volatile on October 5 when this particular metric didn’t exceed 0.45%. The increased volatility of 2299.01% on the VYNC market suggests large price swings in either direction, which is indicative of market instability.

The bears were dictating the terms on the VYNK Chain market on September 29 - the trading session opened at $0.0002. The gains of VYNC after the weekly open on September 29 amounted to 2154%. September 30 saw the coin going another 1% since the open, supported by the corresponding trading volume. During the next trading day, the rate of change in the price of VYNK Chain stood at 2% having reached the low at $0.0002 and the high at $0.005 as the advantage remained on the side of sellers. The VYNC market was down as the price shifted by 96% on October 2, against the backdrop of the sufficient trading volume. On October 3, VYNK Chain finished the trading day with no changes to the flatlined market. The trading period on October 4 saw the crypto coin forming the price amplitude between the open at $0.005 and the close at $0.005, also interacting with $0.0048 (24H low) and $0.0048 (24H high). Most trading activity on October 5 occurred in the space between $0.005 and $0.005; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.0002, though the bulls had also staged the rally to the 24H high at $0.005. The price action on the asset's market during the period between September 29 and October 5 topped at $0.005, while the bottom of the price range was established at $0.0002. VYNK Chain bounced 4% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.0002.

Over the period of the last 7 days, September 29 to October 5, VYNK Chain saw its average trading volume fluctuate between $11 082 and $49 863. During the week before September 29, the trading volume of VYNC flowed from $273 to $50 480. The 138% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 4%.

Bitcoin began the observed period September 29 - October 5, with the market capitalization of $468 291 and finalized it at the market capitalization level of $493 415. Percentage-wise, the market capitalization of VYNC has shifted by 5% in the past week. While the market capitalization of the coin was altered by 5%, its price has made a 4% change. During the week before the analyzed time frame, the market capitalization of VYNK Chain moved by 1434% as it went from $29 606 to $454 020, and gave a better understanding of the general direction in which this market is flowing.

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Article date: October 5 | September 29 - October 5

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