Is Substratum (SUB) Heading the Right Direction Tuesday?





News Home

Tuesday, September 27, 2022 12:24 PM | InvestorsObserver Analysts

InvestorsObserver gives Substratum an average short-term technical score of 56 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. SUB has currently traded better than 56% 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.

Short-Term Technical - 56
InvestorsObserver is giving Substratum a 56 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Substratum!

Trading Analysis

SUB is currently $0.000159 (57.80%) above its 30-day low of $0.000274442 and -$0.000568 (-56.74%) below its 30-day high of $0.00100097. Additionally, SUB is under its average price of $0.000727763 over the past month of trading with its current price of $0.000433061. Overall, the recent trading history of Substratum suggest that traders are currently neutral on the token.

SUB has a low market cap compared to the majority of tokens with a total market value of $165,871.54. Substratum’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. Substratum’s average volume is low as $232.73 worth of the token is typically traded over a 24 hour period. SUB’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 past 24 hours SUB’s volume is below its average with $34.17 exchanged.

Substratum’s subclass Distributed Computing: While all blockchain technology is a form of distributed computing, projects in this category typically give access to a set of distributed computing resources.

Summary

SUB’s recent trading over the past month give it an average short-term technical score as its recent price movement give traders reason to be more neutral on the token in the short-term.

Click Here to get the full Report on Substratum (SUB).

You May Also Like




Leave a Comment