Factom Market Report: FCT/BTC Down -10.23% on the Week
Factom is down -0.25% on the day, down -10.23% on the week and down -11.91% on the month on a last price of 0.00437898. FCT/BTC is trading between a 24hr high of 0.00441194 and a 24hr low of 0.00391496 on a 24hr volume of 2927 BTC or 701605 FCT. The weekly trend is mixed.
|last price||$ 2.68|
|one week ago||$ 2.98|
The recent announcement of new funding may have turned the descending FCT/BTC price around. The Featured Chart shows a month long snapshot of the price of Factom. It’s mostly a downtrend plummeting deeply on October 01 2016 – days before the official announcement came out on October 05 as issued by Factom, Inc. in Austin, Texas, USA.
The detailed chart, illustrated below, shows one week in 2 hour candlesticks in which the price turnaround is clearly visible:
A curious aspect of the timing of the announcement and the price reversal on Poloniex is that the trend and price reversal came on October 04 at 10:00 hours UTC. The official announcement, according to the corporate website, was a day later, on October 05 2016. Austin, Texas USA is located in the Central Time Zone of UTC-06:00 which places the price reversal well before the announcement.
While the funding may have been a success, the digital asset is still down -0.25% on the day, down -10.23% on the week and down -11.91% on the month on a last price of 0.00437898. However the turnaround is clear and possibly encouraging. As the news filters through the market it could drive prices higher.
The CoinMarketCap.com data sheds a broader picture of the all time price of FCT:
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Browse our comprehensive market report archive to gain insight on the unique characteristics of this FCT/BTC digital asset. [opens in new window]
Price change is the percentage change within the period:
Poloniex is the data source for this market report.
Market capitalization is the total $US dollar value of the Factom market calculated using the formula:
|Market cap||Available supply||Last price|
|$ 23,458,627||8753219||$ 2.68|
Daily High Low
The weekly trend is mixed.
Support is the lowest price within the period:
Resistance is the highest price within the period:
The data source Poloniex offers margin trading on this digital asset.
Range is the difference in price within the period:
Market sentiment is neutral.
Factom is down -0.25% on the day, down -10.23% on the week and down -11.91% on the month. The weekly trend is mixed. FCT/BTC saw weekly support at 0.00307750 and weekly resistance at 0.00497506. Market sentiment is neutral.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Thursday October 06 2016 09:01 hours UTC. Contact KittyBitcoin to request custom reports.
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