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Is SkinCoin (SKIN) Trending Lower or Higher Monday?

Monday, January 17, 2022 02:27 PM | InvestorsObserver Analysts
Is SkinCoin (SKIN) Trending Lower or Higher Monday?

SkinCoin receives an average short-term technical score of 64 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. SKIN holds a better recent technical analysis than 64% of tokens 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.

Short-Term Technical - 64
InvestorsObserver is giving SkinCoin a 64 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SkinCoin!

Trading Analysis

SKIN is currently $0.001568 (3769.51%) above its 30-day low of $0.000041600 and -$0.005338 (-76.83%) below its 30-day high of $0.00694746. Additionally, SKIN is under its average price of $0.002787063 over the past month of trading with its current price of $0.001609706. Overall, the recent trading history of SkinCoin suggest that traders are currently neutral on the token. SkinCoin's market cap of $141,949.47 is relatively low for a token. SkinCoin'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. Meanwhile, SKIN's average volume is low with $284,153.52 worth of the token traded over an average 24 hour period. SKIN'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 last 24 hours, SKIN's volume is below its usual with $37,714.78 exchanged. SkinCoin's subclass Gaming: Gaming crytpocurrencies are similar to rewards or items in traditional games, but are decentralized and exist on the blockchain which allows users to own the items they acquire in-game, such as XP, weapons, and skins that can be traded with other uses. This subclass also includes tokens used in gambling and other forms of entertainment.

Summary

SKIN'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 token in the short-term. Click Here to get the full Report on SkinCoin (SKIN).

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