Is Metadium (META) Heading the Right Direction Sunday?
Sunday, March 19, 2023 10:17 AM | InvestorsObserver Analysts
Metadium receives a weak short-term technical ranking of 23 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. META has a superior recent technical analysis than 23% 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 Metadium a 23 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Metadium!
META is currently $0.000636 (2.47%) above its 30-day low of $0.025720801 and -$0.012964 (-32.97%) below its 30-day high of $0.03932091. Additionally, META is under its average price of $0.033018389 over the past month of trading with its current price of $0.026356888. Overall, the recent trading history of Metadium suggest that traders are currently bearish on the coin.
META has a average market cap compared to the majority of coins with a total market value of $44,473,811.57. The market valuation for Metadium is relatively average due to the largest 100 cryptos having a market cap above $1 billion and META sits underneath that mark but remains above $100 million in market capilization. Metadium's average volume is average as $14,692,649.33 worth of the coin is typically traded over a 24 hour period. The volume for META 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 META's volume is below its average with $2,110,286.84 exchanged.
Metadium'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.