Maecenas (ART): Does it Score Poorly on Short-Term Trading Metrics Thursday?

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Thursday, September 22, 2022 06:39 PM | InvestorsObserver Analysts

Maecenas receives a strong short-term technical ranking of 99 from InvestorsObserver data evaluation. The proprietary ranking system focuses on the current buying and selling patters over the previous month to determine the strength of its short-term technicals. ART has a superior recent technical analysis than 99% of tokens based mostly on these trading metrics. Investors primarily centered on shorter time period investment methods will discover this technical evaluation most related to their goals when figuring out whether to put cash into a particular crypto.

Short-Term Technical - 99
InvestorsObserver is giving Maecenas a 99 Short-Term Technical Rank. Find out what this means to you and get the relaxation of the rankings on Maecenas!

Trading Analysis

ART is presently $0.001263 (298.01%) above its 30-day low of $0.000423945 and -$0.000442 (-20.76%) below its 30-day high of $0.00212948. Additionally, ART is above its common price of $0.000903413 over the past month of trading with its present value of $0.001687338. Overall, the current trading history of Maecenas recommend that merchants are at present bullish on the token.

Maecenas’s market cap of $116,222.34 is relatively low for a token. Maecenas’s comparatively low market value comes because it sits beneath $100 million whereas the top 100 cryptos remain above $1 billion in market cap and the highest 500 sit above $100 million. Meanwhile, ART’s average volume is low with $0.36 value of the token traded over a median 24 hour period. ART’s volume is comparatively low as the most traded 100 cryptos typically have $100 million exchanged every day and smaller cryptos tend to sit down beneath $5 million traded over 24 hours. Over the last 24 hours, ART’s quantity is beneath its traditional with $0.05 exchanged.

Maecenas’s subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of knowledge saved on a digital ledger that use blockchain technology to authenticate and confirm possession. They often take the form of photographs, movies, audio, and other representations of real-world objects. This class also includes other tokens which might be used in the shopping for, promoting or amassing of artwork or sure other digital goods.

Summary

Maecenas’s price motion over the previous month has led to a a powerful short-term technical score because of recent trading giving more bullish signals for merchants on the token’s short-term movement.

Click Here to get the total Report on Maecenas (ART).

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