What do you expect from NFT (NFT) short-term artwork Thursday?

What do you expect from NFT (NFT) short-term artwork Thursday?


News Home

Thursday 15 September 2022 06:52 PM | Investors Analysts

What do you expect from NFT (NFT) short-term artwork Thursday?

Investors The NFT gives a weak short-term technical score of 11 from its analysis. The proprietary scoring system takes into account the token’s trading history over the past month to determine the strength of technical elements in the short term. NFT is currently trading better than 11% of the coins based on these metrics. Investors who focus on healthy recent trading patterns should find that a short-term technical rating system is more appropriate when making investment decisions.

Short Term Technician - 11
Investors NFT ranks 11th in short term technical. Find out what this means for you and get the rest of the ratings on NFT!

Trading Analysis

NFT is $0.000000 (3.03%) above the 30-day low of $0.000000540, while $0.000000 (-14.85%) is below the 30-day high of $0.00000065. Additionally, the current price of NFT of $0.000000557 is below the 30-day moving average of $0.000000587, which leads to a weak technical result in the short term. Overall, the recent trading history of NFT indicates that investors are bearish on the token at the moment. NFT has a relatively low market capitalization for a symbol with a total market capitalization of $20.53. The relatively low market capitalization of NFT comes under $100 million while the top 100 cryptocurrencies remain above $1 billion in market capitalization and the 500 above $100 million. Meanwhile, the average NFT volume is as low as $5,158,066.58 worth of tokens traded over a typical 24-hour period. The volume of the NFT is relatively low as the 100 most traded cryptocurrencies typically exchange $100 million per day, and smaller cryptocurrencies tend to trade at less than $5 million over a 24-hour period. As of the last 24 hours, the volume of NFT is below its average with an exchange of $729,449.55. Subcategories of Art, Collectibles, and Non-Foldable NFTs: Non-fungible tokens (NFTs) are units of data stored in a digital ledger that uses blockchain technology to authenticate and verify ownership. They often take the form of images, videos, audio, and other representations of real-world elements. This category also includes other tokens used to buy, sell, or collect artwork or some other digital commodity.

Summary

Recent NFT trading over the past month has given a poor technical score in the short term as the recent price action gives traders reason to be more bearish on the token in the short term. Click here for the full report on the NFT (NFT).

You may also like



Source link

Leave a Comment