SkinCoin (SKIN): Does it Score Well on Short-Term Trading Metrics Friday?

Friday, August 05, 2022 12:26 PM | InvestorsObserver Analysts

SkinCoin 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. SKIN 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 SkinCoin a 90 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SkinCoin!

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Trading Analysis

SkinCoin is $0.000429 (125.63%) higher than its 30-day low price of $0.000341109 while also -$0.000034 (-4.17%) lower than its high of $0.00080315 from the past month of trading. Meanwhile, SKIN's current price of $0.000769641 is above its average price of $0.000583100 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of SkinCoin suggest that traders are currently bullish on the token. SKIN has a relatively low market cap for a token with a total market value of $67,869.66. SkinCoin'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. SkinCoin's average volume meanwhile is low with $124,809.17 worth of the token traded over a typical 24 hour period. SKIN'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, SKIN's volume is below its average with $16,374.41 exchanged. SkinCoin's subclass Gaming: Gaming crytpocurrencies are similar to rewards or items in traditional games, but are decentralized and exist on the blockchain which allows users to own the items they acquire in-game, such as XP, weapons, and skins that can be traded with other uses. This subclass also includes tokens used in gambling and other forms of entertainment.

Summary

SkinCoin's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on SkinCoin (SKIN).