Factom Market Report: FCT/BTC Down -10.23% on the Week

Brief:


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

0.00437898 FCT/BTC

$USD

last price $ 2.68
one week ago $ 2.98
percentage -10.07%

Volume

Volume

The 24 hour volume on Poloniex is 2927.41976156 BTC or 701605.71759804 FCT.

Remarks

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:

chart-fct-btc-1w-2hr-2016-10-06

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.

CoinMarketCap.com
The CoinMarketCap.com data sheds a broader picture of the all time price of FCT:

coinmarketcap-fct-btc-2016-10-06

Browse the archive
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

Price change is the percentage change within the period:

period change
day -0.25%
week -10.23%
month -11.91%

Featured Chart

Tap or click chart to enlarge:

chart-fct-btc-2016-10-06

Data source

Poloniex is the data source for this market report.

Market capitalization

Market capitalization is the total $US dollar value of the Factom market calculated using the formula:

market cap = ( available supply x last price )
Market cap Available supply Last price
$ 23,458,627 8753219 $ 2.68

Daily High Low

daily high 0.00441194
daily low 0.00391496

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 0.00391496
week 0.00307750
biweekly 0.00307750
month 0.00307750

Resistance

Resistance is the highest price within the period:

period resistance
day 0.00441194
week 0.00497506
biweekly 0.00551225
month 0.00641000

Margin trading

yes

The data source Poloniex offers margin trading on this digital asset.

Range

Range is the difference in price within the period:

period range
day 0.00049698
week -0.00049899
month -0.00059193

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

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.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Thursday October 06 2016 09:01 hours UTC. Contact KittyBitcoin to request custom reports.

Coming soon

Thanks for reading! 🙂

Tags

Factom, FCT/BTC, Poloniex, Brief, Last price, Volume, Remarks, Price change, Chart, Data source, Market capitalization, Indicators, Daily high low, Trend, Support, Margin trading, Resistance, Range, Market sentiment, Summary, Disclaimer, Printed, Coming soon, cryptocurrency, bitcoins, BTC, altcoins, investing, trading, speculation, coins, investment, digital, assets, tags

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