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Should You Buy APENFT (NFT) Monday?

Monday, January 17, 2022 11:13 AM | InvestorsObserver Analysts
Should You Buy APENFT (NFT) Monday?

APENFT receives an average short-term technical score of 62 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. NFT holds a better recent technical analysis than 62% 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 - 62
InvestorsObserver is giving APENFT a 62 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on APENFT!

Trading Analysis

NFT is currently $0.000000 (9.91%) above its 30-day low of $0.000002505 and -$0.000001 (-16.56%) below its 30-day high of $0.00000330. Additionally, NFT is under its average price of $0.000002830 over the past month of trading with its current price of $0.000002753. Overall, the recent trading history of APENFT suggest that traders are currently neutral on the token. NFT has a relatively average market cap for a token with a total market value of $762,835,199.07. The market valuation for APENFT is relatively average due to the largest 100 cryptos having a market cap above $1 billion and NFT sits underneath that mark but remains above $100 million in market capilization. APENFT's average volume meanwhile is average with $2,743,788,650.92 worth of the token traded over a typical 24 hour period. The volume for NFT 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. As of the past 24 hours, NFT's volume is below its average with $360,366,144.68 exchanged. APENFT's subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.

Summary

APENFT's trading over the past 30 days leads to its an average short-term technical score due to recent price movement suggesting more neutral signals for traders on the token in the near future. Click Here to get the full Report on APENFT (NFT).

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