Is DMarket (DMT) Heading the Right Direction Monday?

Monday, March 14, 2022 06:11 PM | InvestorsObserver Analysts

DMarket receives a strong short-term technical ranking of 82 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. DMT has a superior recent technical analysis than 82% of tokens 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 DMarket a 82 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DMarket!

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Trading Analysis

DMT is currently $0.007957 (164.62%) above its 30-day low of $0.004833726 and -$0.001589 (-11.05%) below its 30-day high of $0.01437994. Additionally, DMT is above its average price of $0.010349661 over the past month of trading with its current price of $0.012791130. Overall, the recent trading history of DMarket suggest that traders are currently bullish on the token. DMT has a relatively low market cap for a token with a total market value of $728,093.79. DMarket'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. DMarket's average volume meanwhile is low with $1,918.18 worth of the token traded over a typical 24 hour period. DMT'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, DMT's volume is below its average with $90.53 exchanged. DMarket's subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.

Summary

DMT'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 DMarket (DMT).