Should You Buy WhiteCoin (XWC) Thursday?

Thursday, March 28, 2024 12:43 PM | InvestorsObserver Analysts

WhiteCoin receives a weak short-term technical ranking of 13 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. XWC has a superior recent technical analysis than 13% 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 WhiteCoin a 13 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on WhiteCoin!

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Trading Analysis

XWC is currently $0.005525 (31.39%) above its 30-day low of $0.017601226 and -$0.041453 (-64.19%) below its 30-day high of $0.06457929. Additionally, XWC is under its average price of $0.038143606 over the past month of trading with its current price of $0.023125850. Overall, the recent trading history of WhiteCoin suggest that traders are currently bearish on the coin. XWC has a relatively average market cap for a coin with a total market value of $17,675,656.49. The market valuation for WhiteCoin is relatively average due to the largest 100 cryptos having a market cap above $1 billion and XWC sits underneath that mark but remains above $100 million in market capilization. WhiteCoin's average volume meanwhile is average with $26,025,136.74 worth of the coin traded over a typical 24 hour period. The volume for XWC 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, XWC's volume is below its average with $3,605,565.25 exchanged. WhiteCoin'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.

Summary

WhiteCoin's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the coin in the near future. Click Here to get the full Report on WhiteCoin (XWC).