Price Action
In the week prior, the price for Crypto.com Chain Token went down by -1.02%. It is below its 20 day moving average by 0.06%, which is quite close. 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 7% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. Based on volatility over the past three weeks, we can expect Crypto.com Chain Token to experience a price range in US dollars between 0.06195416 and $0.07192284.
Volume Update
Over the past week, Crypto.com Chain saw its daily volume range between 916,410.6 and 5,436,681 units of its own currency. 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 0.04%. This turnover rate is higher than approximately 7.07% 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
Over the past week, Crypto.com Chain Token saw its holders go from 23,691 to 23,701, an increase of 0.04%. As for overall transactions, they increased from 76,309 to 77,555 — an increase of 1.63%. Crypto.com Chain Token’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 1.67% which puts it ahead of 55.56% of the coins in our index. One interpretation of this may be that the coin’s weekly growth in engagement is fairly mediocre.
Article by SixJupiter
