Is BitShares (BTS) Trending Lower or Higher Monday?

Monday, April 01, 2024 08:04 AM | InvestorsObserver Analysts

BitShares receives an average short-term technical ranking of 62 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. BTS has a superior recent technical analysis than 62% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving BitShares a 62 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BitShares!

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Trading Analysis

BTS is currently $0.000160 (4.29%) above its 30-day low of $0.003741946 and -$0.001871 (-32.41%) below its 30-day high of $0.00577367. Additionally, BTS is under its average price of $0.004268695 over the past month of trading with its current price of $0.003902341. Overall, the recent trading history of BitShares suggest that traders are currently neutral on the coin. BitShares's market cap of $11,687,744.35 is relatively average for a coin. The market valuation for BitShares is relatively average due to the largest 100 cryptos having a market cap above $1 billion and BTS sits underneath that mark but remains above $100 million in market capilization. Meanwhile, BTS's average volume is average with $1,001,480.33 worth of the coin traded over an average 24 hour period. The volume for BTS 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 last 24 hours, BTS's volume is below its usual with $134,837.63 exchanged. BitShares's subclass Decentralized Finance: DeFi, or decentralized finance, Coins are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

BTS's recent trading over the past month give it an average short-term technical score as its recent price movement give traders reason to be more neutral on the coin in the short-term. Click Here to get the full Report on BitShares (BTS).