Tuesday, March 22, 2022 09:27 AM | InvestorsObserver Analysts
Siacoin receives a strong short-term technical ranking of 90 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. SC has a superior recent technical analysis than 90% 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 Siacoin a 90 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Siacoin!
Siacoin is $0.002561 (35.21%) above its 30-day low of $0.007274040 while -$0.000058 (-0.59%) below its 30-day high of $0.00989355. In addition, SC's current price of $0.009835236 is above its 30-day moving average price of $0.008963886, leading to a strong short-term technical score. Overall the recent trading history of Siacoin suggest that investors are bullish on the coin at the moment.
Siacoin's market cap of $496,212,451.88 is relatively average for a coin. The market valuation for Siacoin is relatively average due to the largest 100 cryptos having a market cap above $1 billion and SC sits underneath that mark but remains above $100 million in market capilization. Meanwhile, SC's average volume is average with $151,072,174.52 worth of the coin traded over an average 24 hour period. The volume for SC 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, SC's volume is below its usual with $22,558,352.75 exchanged.
Siacoin'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.
Summary
SC'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 coin in the short-term.
Click Here to get the full Report on Siacoin (SC).
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