Should You Buy StreamCoin (STRM) Sunday?

Sunday, May 21, 2023 01:45 PM | InvestorsObserver Analysts

StreamCoin receives a strong short-term technical score of 90 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. STRM holds a better recent technical analysis than 90% 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.

InvestorsObserver is giving StreamCoin a 90 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on StreamCoin!

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Trading Analysis

StreamCoin is $0.000765 (6.41%) higher than its 30-day low price of $0.011929054 while also -$0.001083 (-7.86%) lower than its high of $0.01377691 from the past month of trading. Meanwhile, STRM's current price of $0.012694058 is under its average price of $0.012834950 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of StreamCoin suggest that traders are currently bullish on the token. STRM has a average market cap compared to the majority of tokens with a total market value of $18,947,528.13. The market valuation for StreamCoin is relatively average due to the largest 100 cryptos having a market cap above $1 billion and STRM sits underneath that mark but remains above $100 million in market capilization. StreamCoin's average volume is average as $103,252,664.77 worth of the token is typically traded over a 24 hour period. The volume for STRM 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. Over the past 24 hours STRM's volume is below its average with $14,584,374.57 exchanged. StreamCoin'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

StreamCoin's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click Here to get the full Report on StreamCoin (STRM).