January 17 - January 23 price action recap: WorldCoin sees a weak 2% gain as the buyers take a step back.
Between January 17 - January 23, WorldCoin has been mostly bullish as its price has been in the rising mode. The volatility of WDC has been high 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 past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
We have established that the average volatility of WorldCoin was at 98.31% in concert with its rapid price change. The highest volatility was recorded on January 17 - it amounted to 98.31%. The coin saw its volatility drop to a minimum at 8.33% on January 23. The high volatility of 98.31% points to the possibility of unpredictable and violent price action.
The opening price of WorldCoin was at $0.008 on January 17, with buyers having a more visible presence on the market. On January 17, the first trading session of the reviewed time period, the market participants saw WDC moving up by 97%. On January 18, the price of the coin has shifted by 19% from the daily open on the back of a good trading volume. During the following trading period on January 19, the price of WorldCoin oscillated between the low at $0.01 and the high at $0.016, while the price moved down by 8%. WDC ’s performance during January 20 was the following: the price increased by 52% in conjunction with the acceptable trading volume. The price oscillation of WorldCoin on January 21 was in the $0.02 - $0.02 range; at the same time, the price stretched out to reach the 24H low at $0.02 and the 24H high at $0.03. While the 24H high and low on January 22 were at $0.03 and $0.02, respectively, the crypto coin had been traded in the area between the open at $0.02 and the close at $0.03. January 23 presented us with the following price action data: the coin opened the period at $0.02 and went on to establish the low at $0.01 and the high of the day at $0.02 before closing the day at $0.02. The price action on the asset's market during the period between January 17 and January 23 topped at $0.04, while the bottom of the price range was established at $0.008. Traders saw WorldCoin covering the $0.0003 distance between the weekly low and the weekly high, which constituted for a 2% move.
Over the period of the last 7 days, January 17 to January 23, WorldCoin saw its average trading volume fluctuate between $2 029 and $4 249. In order to have a better grasp of the WDC 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 $0.11 to $1 093. The 782% 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 2%.
The past week saw the market capitalization of WorldCoin making a shift from $151 on January 17 to $286 on January 23, the peak for the analyzed period. 89% was the calculated percentage change for the WDC market over the past week. The said 89% percentage change in market capitalization of the coin was accompanied by the 2% fluctuation in the price of the underlying asset. A better understanding of the lay of the land on the WorldCoin market requires a comparison with the preceding week when the total market capitalization of WorldCoin changed by 26% as it went from $107 to $151.