Should You Buy BiblePay (BBP) Monday?

BiblePay receives a weak short-term technical score of 9 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. BBP holds a better recent technical analysis than 9% 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 BiblePay a 9 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BiblePay!

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Trading Analysis

BiblePay is $0.000008 (30.75%) above its 30-day low of $0.000026667 while -$0.000039 (-52.70%) below its 30-day high of $0.00007372. In addition, BBP's current price of $0.000034867 is under its 30-day moving average price of $0.000040382, leading to a weak short-term technical score. Overall the recent trading history of BiblePay suggest that investors are bearish on the coin at the moment. BBP has a relatively low market cap for a coin with a total market value of $89,014.92. BiblePay'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. BiblePay's average volume meanwhile is low with $3,409.90 worth of the coin traded over a typical 24 hour period. BBP'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. As of the past 24 hours, BBP's volume is below its average with $494.58 exchanged. BiblePay'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

BiblePay's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the coin's short-term movement. Click Here to get the full Report on BiblePay (BBP).