Should You Buy NewYorkCoin (NYC) Saturday?

NewYorkCoin receives a strong short-term technical ranking of 82 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. NYC has a superior recent technical analysis than 82% 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 NewYorkCoin a 82 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on NewYorkCoin!

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Trading Analysis

NewYorkCoin is $0.000011 (138.11%) higher than its 30-day low price of $0.000008271 while also -$0.000020 (-50.39%) lower than its high of $0.00003970 from the past month of trading. Meanwhile, NYC's current price of $0.000019694 is under its average price of $0.000025164 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of NewYorkCoin suggest that traders are currently bullish on the coin. NYC has a relatively low market cap for a coin with a total market value of $2,831,249.65. NewYorkCoin'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. NewYorkCoin's average volume meanwhile is low with $32,622.11 worth of the coin traded over a typical 24 hour period. NYC'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, NYC's volume is below its average with $4,325.17 exchanged. NewYorkCoin'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

NYC'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 NewYorkCoin (NYC).