Siacoin (SC): Does it Score Poorly on Short-Term Trading Metrics Wednesday?

Wednesday, April 13, 2022 06:55 AM | InvestorsObserver Analysts

Siacoin receives an average short-term technical score of 35 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. SC holds a better recent technical analysis than 35% of coins 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.

InvestorsObserver is giving Siacoin a 35 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Siacoin!
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Trading Analysis

Siacoin is $0.002076 (25.21%) higher than its 30-day low price of $0.008235888 while also -$0.004380 (-29.81%) lower than its high of $0.01469229 from the past month of trading. Meanwhile, SC's current price of $0.010311907 is under its average price of $0.010822834 set over the past month of trading, leading to an average short-term technical score. In summation, the recent trading history of Siacoin suggest that traders are currently neutral on the coin.
SC has a relatively average market cap for a coin with a total market value of $522,588,689.30. The market valuation for Siacoin is relatively average due to the largest 100 cryptos having a market cap above $1 billion and SC sits underneath that mark but remains above $100 million in market capilization. Siacoin's average volume meanwhile is average with $194,685,171.36 worth of the coin traded over a typical 24 hour period. The volume for SC is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. As of the past 24 hours, SC's volume is below its average with $27,206,855.90 exchanged. Siacoin's subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.

Summary

Siacoin's trading over the past 30 days leads to its an average short-term technical score due to recent price movement suggesting more neutral signals for traders on the coin in the near future. Click Here to get the full Report on Siacoin (SC).

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