InvestorsObserver gives Neurotoken a weak short-term technical score of 5 from its analysis. The proprietary rating system takes into account the token’s trading history over the past month to determine the strength of its short-term technicals. Based on these metrics, NTK has currently traded more than 5% of the tokens. Investors focused on healthy recent trading patterns should consider the short-term technical ranking system to be more relevant when making investment decisions.
Trade Analysis
NTK is currently $0.000002 (0.12%) above its 30-day low of $0.001695997 and -$0.007203 (-80.92%) below its 30-day high of $0.00890154. Additionally, NTK’s current price of $0.001698048 is below its average price of $0.002364847 for the past month of trading. Overall, the recent trading history of Neurotoken suggests that traders are currently bearish on the token. NTK has a low market cap compared to most tokens with a total market value of $133,987.20. Neurotoken’s relatively low market value is because it is under $100 million, while the top 100 cryptos have a market cap of over $1 billion and the top 500 over $100 million. The average volume of Neurotoken is low as the $27.61 token is typically traded over a 24-hour period. NTK’s volume is relatively low, with the top 100 cryptos typically exchanging $100 million per day and smaller cryptos typically below $5 million trading over 24 hours. Over the past 24 hours, NTK’s volume has been below its average at $3.83. Neurotokens Subclass Distributed Computing: While all blockchain technology is a form of distributed computing, projects in this category typically provide access to a range of distributed computing resources.
summary
Neurotoken’s price action over the past month has resulted in a weak short-term technical result as recent trading has provided more bearish signals for traders regarding the token’s short-term movement. For the full Neurotoken (NTK) report, click here.
