Chain Token (CRO) May 13, 2019 Weekly Summary: Price Down 5.89%

January 23, 2020: Chain Token (cro): Down 1.29%
January 23, 2020: Chain Token (cro): Down 1.29%

Price Action

Since last week, Chain Token’s price went down by -5.89%. It is below its 20 day moving average by 7.23%, so it’s somewhat away. Chain Token’s bullish momentum, based on its distance from its 20 day moving average, is among the worst compared to other cryptocurrencies, and thus may indicate the coin has swung too far and too fast — and may thus be due for consolidation or a bullish correction. Now when considering volatility, Chain Token is more prone to sizable price moves than 30% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for Chain Token in US dollars is expected to be between $0.06379421 and $0.07767379. Chain Token (cro) June 24, 2019 Weekly Summary: Price Down 9.6%

Volume Update

In the week prior, the daily volume for Chain has ranged between 747,966.7 and 2,633,352 currency units. Looking back over past 21 days, the trend in volume does not have a clear direction, while the price trend is clearly down. The past 7 days saw Chain’s trading turnover — meaning the percentage of its available supply that was traded — come in at 0.03%. This turnover rate is higher than approximately 4.08% of the cryptocurrencies we monitor, which means 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 Chain Token went from 23,625 to 23,666 in the past week, marking a change of 0.17%. As for overall transactions, they increased from 73,534 to 75,208 — an increase of 2.28%. Chain Token’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 2.45% which puts it ahead of 63.89% of the coins in our index. One interpretation of this may be that the coin’s engagement is growing at an above average rate. Chain Token (cro) June 24, 2019 Weekly Summary: Price Down 9.6%

Article by SixJupiter