InvestorsObserver gives NFT a weak short-term technical score of 11 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. NFT has currently traded better than 11% 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.
NFT has a relatively low market cap for a token with a total market value of $20.53. NFT'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. NFT's average volume meanwhile is low with $5,158,066.58 worth of the token traded over a typical 24 hour period. NFT'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, NFT's volume is below its average with $729,449.55 exchanged. NFT'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 NFT (NFT) Thursday?
InvestorsObserver is giving NFT a 11 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on NFT!