Saturday, June 11, 2022 06:46 AM | InvestorsObserver Analysts
Siacoin receives a strong short-term technical score of 79 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. SC holds a better recent technical analysis than 79% 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 Siacoin a 79 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Siacoin!
Siacoin is $0.001354 (38.48%) above its 30-day low of $0.003519441 while -$0.001420 (-22.57%) below its 30-day high of $0.00629400. In addition, SC's current price of $0.004873722 is under its 30-day moving average price of $0.005332211, leading to a strong short-term technical score. Overall the recent trading history of Siacoin suggest that investors are bullish on the coin at the moment.
SC has a relatively average market cap for a coin with a total market value of $249,517,334.38. 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 $116,742,466.94 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 $10,760,076.03 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.
Summary
Siacoin'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 coin in the near future.
Click Here to get the full Report on Siacoin (SC).
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter
