InvestorsObserver gives Novacoin a weak short-term technical score of 3 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. NVC has currently traded better than 3% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.
Novacoin's market cap of $23,671.27 is relatively low for a coin. Novacoin'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, NVC's average volume is low with $1,434.49 worth of the coin traded over an average 24 hour period. NVC'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, NVC's volume is below its usual with $190.66 exchanged.
Novacoin (NVC): How Does the Chart Look Wednesday?
InvestorsObserver is giving Novacoin a 3 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Novacoin!