InvestorsObserver gives Nsure.Network a weak short-term technical score of 20 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. NSURE has currently traded better than 20% 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
Nsure.Network is $0.001861 (20.75%) above its 30-day low of $0.008968625 while -$0.006403 (-37.16%) below its 30-day high of $0.01723264. In addition, NSURE’s current price of $0.010829806 is under its 30-day moving average price of $0.010993988, leading to a weak short-term technical score. Overall the recent trading history of Nsure.Network suggest that investors are bearish on the token at the moment.
NSURE has a low market cap compared to the majority of tokens with a total market value of $61,393.78. Nsure.Network’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. Nsure.Network’s average volume is low as $6,520,101.72 worth of the token is typically traded over a 24 hour period. NSURE’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 NSURE’s volume is below its average with $989,462.50 exchanged.
Nsure.Network’s subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.
Summary
NSURE’s recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term.
