DMarket receives a weak short-term technical ranking of 29 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. DMT has a superior recent technical analysis than 29% of tokens 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.
DMarket's market cap of $398,096.04 is relatively low for a token. DMarket'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. Meanwhile, DMT's average volume is low with $153.99 worth of the token traded over an average 24 hour period. DMT'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 last 24 hours, DMT's volume is below its usual with $23.48 exchanged. DMarket'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.
What do the Short-Term Technicals Predict for DMarket (DMT) Tuesday?
InvestorsObserver is giving DMarket a 29 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DMarket!