Is NewYorkCoin (NYC) Heading the Right Direction Saturday?

NewYorkCoin receives a weak short-term technical score of 8 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. NYC holds a better recent technical analysis than 8% 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 NewYorkCoin a 8 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on NewYorkCoin!

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Trading Analysis

NewYorkCoin is $0.000000 (11.42%) higher than its 30-day low price of $0.000004372 while also -$0.000005 (-51.28%) lower than its high of $0.00001000 from the past month of trading. Meanwhile, NYC's current price of $0.000004872 is under its average price of $0.000007120 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of NewYorkCoin suggest that traders are currently bearish on the coin. NYC has a low market cap compared to the majority of coins with a total market value of $700,386.63. NewYorkCoin'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. NewYorkCoin's average volume is low as $1,613.22 worth of the coin is typically traded over a 24 hour period. NYC'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. Over the past 24 hours NYC's volume is below its average with $209.17 exchanged. NewYorkCoin's subclass Payments/Other: A coin used as payment for good and services or middle-man platform that allows investors to use other cryptocurrencies for payments, money transfers, withdrawals, deposits, and other functions. These coins are typically more specialized than the Digital Money coins that try to replicate all the functions of cash.

Summary

NewYorkCoin's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the coin in the near future. Click Here to get the full Report on NewYorkCoin (NYC).