Price Action
Since last week, Crypto.com Chain Token’s price went down by -17.58%. It is below its 20 day moving average by 6.28%, so it’s somewhat away. Crypto.com Chain Token’s bullish momentum, based on its distance from its 20 day moving average, is pretty far negative compared to the other coins we’re covering, and thus may be due for a correction upwards or some kind of a period of low volatility. In terms of volatility, Crypto.com Chain Token exhibits greater price volatility than approximately 42% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. Based on volatility over the past three weeks, we can expect Crypto.com Chain Token to experience a price range in US dollars between 0.05872338 and $0.07599262.
Volume Update
In the week prior, the daily volume for Crypto.com Chain has ranged between 1,193,988 and 8,973,450 currency units. Looking back over past 21 days, 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 0.08%. Its trading turnover percentage is higher than about 6.19% of the coins we’re tracking, 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 25,695 to 25,644 in the past week, marking a change of -0.20%. As for overall transactions, they increased from 95,075 to 95,851 — an increase of 0.82%. This translates to a combined engagement growth rate of 0.62% for Crypto.com Chain Token — which is higher than 31.43% of the cryptocurrencies we’re reporting on. This could indicate that its change in engagement is below average, at least on a percentage basis.
Article by SixJupiter
