Is APENFT (NFT) Trending Lower or Higher Friday?
APENFT receives a strong short-term technical score of 92 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. NFT holds a better recent technical analysis than 92% 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.
Trading Analysis
APENFT is $0.000000 (16.54%) above its 30-day low of $0.000000380 while $0.000000 (-0.46%) below its 30-day high of $0.00000045. In addition, NFT’s current price of $0.000000443 is above its 30-day moving average price of $0.000000418, leading to a strong short-term technical score. Overall the recent trading history of APENFT suggest that investors are bullish on the token at the moment.
NFT has a relatively average market cap for a token with a total market value of $438,770,732.53. The market valuation for APENFT is relatively average due to the largest 100 cryptos having a market cap above $1 billion and NFT sits underneath that mark but remains above $100 million in market capilization. APENFT’s average volume meanwhile is average with $237,768,968.79 worth of the token traded over a typical 24 hour period. The volume for NFT is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. As of the past 24 hours, NFT’s volume is below its average with $36,445,535.68 exchanged.
APENFT’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.
Summary
APENFT’s trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future.