Wondering if anyone out there has done research on this. We're trying to figure out the smallest market cap coin we can give people access to on our paper trading platform while still accurately simulating market conditions.
So far, our VERY ROUGH model (for coins within a certain volume range that we can't share yet) is that every incremental 10% volume traded above average volume leads to a 2 * .8x * 10% price change where x is each 10% interval.
So 10% above average = 2*.8*.1 = 16% price movement, 50% above = 2 * (.8*5) * .1 = 80% price movement. Has anyone else looked into this?