Price Action
Over the past week, Crypto.com Chain Token saw its price go up by 9.66%. It is below its 20 day moving average by 1.86%, so it’s fairly close. Crypto.com Chain Token’s bullish momentum, determined by its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. In terms of volatility, Crypto.com Chain Token exhibits greater price volatility than approximately 44% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for Crypto.com Chain Token in US dollars is expected to be between $0.05659032 and $0.07338268.
Volume Update
In the week prior, the daily volume for Crypto.com Chain has ranged between 136,262.6 and 27,668,417 currency units. In the three weeks prior, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. The past 7 days saw Crypto.com Chain’s trading turnover — meaning the percentage of its available supply that was traded — come in at 0.09%. Its turnover rate is more than approximately 8.82% of the cryptocurrencies in our index, so it’s well below average; this coin may be hard to get into and out of, and thus is suitable only for those interested in holding and exiting slowly and patiently.
Engagement Update
The number of wallets holding Crypto.com Chain Token went from 25,697 to 25,745 in the past week, marking a change of 0.19%. And in regards to cumulative transactions logged on the blockchain, they went from 96,950 to 98,189, which amounts to a change of 1.28%. Crypto.com Chain Token’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 1.47% which puts it ahead of 45.45% of the coins in our index. This growth rate suggests the coin’s weekly growth in engagement is fairly mediocre.
Article by SixJupiter
