BitForex Token (BF): Does it Score Well on Short-Term Trading Metrics Friday?
Friday, July 22, 2022 11:23 AM | InvestorsObserver Analysts
BitForex Token receives a strong short-term technical score of 70 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. BF holds a better recent technical analysis than 70% 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.
InvestorsObserver is giving BitForex Token a 70 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BitForex Token!
BitForex Token is $0.001237 (56.58%) above its 30-day low of $0.002186073 while -$0.000041 (-1.19%) below its 30-day high of $0.00346420. In addition, BF's current price of $0.003423015 is above its 30-day moving average price of $0.002803693, leading to a strong short-term technical score. Overall the recent trading history of BitForex Token suggest that investors are bullish on the token at the moment.
BF has a average market cap compared to the majority of tokens with a total market value of $14,676,467.11. The market valuation for BitForex Token is relatively average due to the largest 100 cryptos having a market cap above $1 billion and BF sits underneath that mark but remains above $100 million in market capilization. BitForex Token's average volume is average as $3,008,333.14 worth of the token is typically traded over a 24 hour period. The volume for BF 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. Over the past 24 hours BF's volume is below its average with $405,751.01 exchanged.
BitForex Token's subclass Payment Tokens: A token used as a form of payment for goods and services either in or outside of the crypto ecosystem. Often used as payment for services in a particular blockchain environment.
Summary
BF's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the token in the short-term.
Click Here to get the full Report on BitForex Token (BF).
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