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Should You Buy Siacoin (SC) Sunday?

Sunday, December 03, 2023 10:28 AM | InvestorsObserver Analysts
Should You Buy Siacoin (SC) Sunday?

Siacoin receives a strong short-term technical ranking of 87 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. SC has a superior recent technical analysis than 87% 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.

Short-Term Technical - 87
InvestorsObserver is giving Siacoin a 87 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Siacoin!

Trading Analysis

SC is currently $0.002343 (65.16%) above its 30-day low of $0.003596006 and -$0.000713 (-10.72%) below its 30-day high of $0.00665232. Additionally, SC is above its average price of $0.004490222 over the past month of trading with its current price of $0.005939166. Overall, the recent trading history of Siacoin suggest that traders are currently bullish on the coin.
SC has a relatively average market cap for a coin with a total market value of $331,048,795.53. The market valuation for Siacoin is relatively average due to the largest 100 cryptos having a market cap above $1 billion and SC sits underneath that mark but remains above $100 million in market capilization. Siacoin's average volume meanwhile is average with $1,190,671,353.38 worth of the coin traded over a typical 24 hour period. The volume for SC 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, SC's volume is below its average with $187,146,367.79 exchanged. Siacoin's subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.


SC'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 Siacoin (SC).

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