InvestorsObserver gives 8Bit Doge a weak short-term technical score of 26 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. BITD has currently traded better than 26% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.
BITD has a relatively low market cap for a token with a total market value of $634,033.10. 8Bit Doge'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. 8Bit Doge's average volume meanwhile is low with $6,129.98 worth of the token traded over a typical 24 hour period. BITD'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. As of the past 24 hours, BITD's volume is below its average with $832.48 exchanged.
8Bit Doge (BITD): Does it Score Poorly on Short-Term Trading Metrics Thursday?
InvestorsObserver is giving 8Bit Doge a 26 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on 8Bit Doge!