InvestorsObserver gives Ethereum Gold a weak short-term technical score of 21 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. ETG has currently traded better than 21% 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.
ETG is currently $0.008175 (66.58%) above its 30-day low of $0.012279152 and -$0.032679 (-61.50%) below its 30-day high of $0.05313380. Additionally, ETG is under its average price of $0.026678471 over the past month of trading with its current price of $0.020454543. Overall, the recent trading history of Ethereum Gold suggest that traders are currently bearish on the token.
Ethereum Gold’s market cap of $413,181.22 is relatively low for a token. Ethereum Gold’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, ETG’s average volume is low with $107.71 worth of the token traded over an average 24 hour period. ETG’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, ETG’s volume is below its usual with $16.48 exchanged.
Ethereum Gold’s subclass Payment Tokens: A token used as a form of payment for goods and services either in or outside of the crypto ecosystem. Often used as payment for services in a particular blockchain environment.
Ethereum Gold’s trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future.
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