How Does the Chart Look Friday?
DeFi Land receives a strong short-term technical ranking of 99 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. DFL has a superior recent technical analysis than 99% 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.
Trading Analysis
DeFi Land is $0.003965 (653.69%) higher than its 30-day low price of $0.000606520 while also $0.000000 (0.00%) lower than its high of $0.00457128 from the past month of trading. Meanwhile, DFL’s current price of $0.004571282 is above its average price of $0.001725557 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of DeFi Land suggest that traders are currently bullish on the token.
DFL has a average market cap compared to the majority of tokens with a total market value of $32,626,627.55. The market valuation for DeFi Land is relatively average due to the largest 100 cryptos having a market cap above $1 billion and DFL sits underneath that mark but remains above $100 million in market capilization. DeFi Land’s average volume is average as $3,615,255.38 worth of the token is typically traded over a 24 hour period. The volume for DFL 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. Over the past 24 hours DFL’s volume is below its average with $475,621.03 exchanged.
DeFi Land’s subclass Gaming: Gaming crytpocurrencies are similar to rewards or items in traditional games, but are decentralized and exist on the blockchain which allows users to own the items they acquire in-game, such as XP, weapons, and skins that can be traded with other uses. This subclass also includes tokens used in gambling and other forms of entertainment.
Summary
DFL’s recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the token in the short-term.