NFT receives a weak short-term technical score of 1 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. NFT holds a better recent technical analysis than 1% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.
(adsbygoogle = window.adsbygoogle || []).push({});
Trading Analysis
NFT is $0.000000 (1.67%) above its 30-day low of $0.000000690 while -$0.062607 (-100.00%) below its 30-day high of $0.06260745. In addition, NFT’s current price of $0.000000702 is under its 30-day moving average price of $0.016909123, leading to a weak short-term technical score. Overall the recent trading history of NFT suggest that investors are bearish on the token at the moment.
(adsbygoogle = window.adsbygoogle || []).push({});
NFT has a low market cap compared to the majority of tokens with a total market value of $25.87. NFT’s relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. NFT’s average volume is low as $446,192.26 worth of the token is typically traded over a 24 hour period. NFT’s volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the past 24 hours NFT’s volume is below its average with $62,808.20 exchanged. NFT’s subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.
Summary
NFT’s trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future. Click Here to get the full Report on NFT (NFT).
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You’re all set to receive the Morning Update newsletter
Stock Price data may be delayed up to 15 minutes.
Copyright © 2022. Portions of this content may be copyrighted by Fresh Brewed Media, Investors Observer, and/or O2 Media LLC. All Rights Reserved. Portions of this content protected by US Patent numbers 7,865,496, 7,856,390, and 7,716,116. Investing in stocks, bonds, option and other financial instruments involve risks and may not be suitable for everyone. Portfolio results are unaudited and based on varying investment expiration dates. Terms of Service | Privacy Policy
