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Feb 5, 2021PIVX Weekly Market Update (January 29th, 2021 - February 4th, 2021)

This week had some great news for PIVX. PIVX’s SHIELD protocol was successfully activated on mainnet flawlessly, and nearly 1% of the total coin supply is already shielded.

Over the past 7 days:

This news sent ripples through the social spheres, putting PIVX at the top of reddit cryptocurrency groups and even seeing some press pick up the news as well.  Bithumb deposits and withdraws still remained closed, while the majority of other markets were open for individuals.  As a result, the average weekly volume exploded, with a 116% increase in volume compared to the prior week. The average weekly price also pushed higher, rising 27% over last week.  The average weekly marketcap also pushed higher, up 27% compared to last week. The daily USD value as a result of these moves widened to a $0.15 spread over the week.

The Daily Volume for PIVX ranged between $708kk and $5.5M, with an Average Daily Volume of $1.9M.  The total volume over this same 7 day period was $13.4M (Figure 1).

The Daily Total Marketcap for PIVX ranged between $29.1M and $38.2M, for with an Average Marketcap of $32.6M(Figure 1).  

The Daily USD Value for PIVX ranged between $0.44 and $0.59 with an Average USD price for the week of $0.50 (Figure 1).

 

The top three exchanges regarding trade volumes were:

  1. Binance (PIX/BTC)
  2. Binance (PIVX/ETH)
  3. Kucoin (PIVX/BTC)

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Bryan Doreian

Business Development, Ambassador

Serial entrepreneur and blockchain advisor (circa 2012). Founder of Wysebridge, elev3n & Vendible. Currently splits his time building infrastructure for humanity while stewarding a tiny homestead with his family in eastern Pennsylvania.

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