InvestorsObserver gives Zenswap Network Token an average short-term technical score of 59 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. ZNT has currently traded better than 59% 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.
Trading Analysis
Zenswap Network Token is $0.000001 (55.63%) above its 30-day low of $0.000001106 while -$0.000157 (-98.91%) below its 30-day high of $0.00015833. In addition, ZNT’s current price of $0.000001721 is above its 30-day moving average price of $0.000001545, leading to an average short-term technical score. Overall the recent trading history of Zenswap Network Token suggest that investors are neutral on the token at the moment.
Zenswap Network Token’s market cap of $20,653.44 is relatively low for a token. Zenswap Network Token’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. Meanwhile, ZNT’s average volume is low with $645.30 worth of the token traded over an average 24 hour period. ZNT’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. Over the last 24 hours, ZNT’s volume is below its usual with $95.25 exchanged.
Zenswap Network Token’s subclass Decentralized Exchange: A peer-to-peer (P2P) marketplace for buyers and sellers of cryptocurrencies. Decentralized exchanges keep users in control of their private keys during transactions which is not the case on a centralized exchange.
Summary
Zenswap Network Token’s trading over the past 30 days leads to its an average short-term technical score due to recent price movement suggesting more neutral signals for traders on the token in the near future.
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