Substratum (SUB): Does it Score Poorly on Short-Term Trading Metrics Monday?

Monday, February 07, 2022 11:26 AM | InvestorsObserver Analysts

InvestorsObserver gives Substratum an average short-term technical score of 33 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. SUB has currently traded better than 33% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Substratum a 33 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Substratum!

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Trading Analysis

Substratum is $0.000028 (1.96%) higher than its 30-day low price of $0.001433232 while also -$0.001358 (-48.16%) lower than its high of $0.00281908 from the past month of trading. Meanwhile, SUB's current price of $0.001461287 is under its average price of $0.001876988 set over the past month of trading, leading to an average short-term technical score. In summation, the recent trading history of Substratum suggest that traders are currently neutral on the token. SUB has a low market cap compared to the majority of tokens with a total market value of $559,703.70. Substratum'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. Substratum's average volume is low as $3,453.68 worth of the token is typically traded over a 24 hour period. SUB'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. Over the past 24 hours SUB's volume is below its average with $543.16 exchanged. Substratum's subclass Distributed Computing: While all blockchain technology is a form of distributed computing, projects in this category typically give access to a set of distributed computing resources.

Summary

Substratum's trading over the past 30 days leads to its an average short-term technical score due to recent price movement suggesting more neutral signals for traders on the token in the near future. Click Here to get the full Report on Substratum (SUB).