USD Coin receives a strong long-term technical score of 85 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
Currently, USDC holds a superior long-term technical analysis score than 85% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.
Trading Analysis
USD Coin’s price is $0.0000000 (0.03%) above its 100-day moving average price of $1.000000000 as its price at the moment sits at $1.000000000. Additionally, USDC is $0.0100000 (-1012.75%) higher than its 52-week low price of $0.990000000 while -$1.35000000 (-383.04%) under its 52-week high of $2.350000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives USDC a strong long-term technical score of 85. Long-term trading movement of USD Coin suggest that investors are neutral on the token at the moment.
USD Coin has a total market value of $42,513,314,579.56 with an high average daily volume of $25,860,291,083.92 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, USDC’s volume is below its average with $3,867,984,543.73 exchanged in total.
This token’s subclass Stablecoins: Stablecoins are cryptocurrencies whose value is designed to track the performance of fiat money (such as the U.S. Dollar or Euro).
Summary
USDC’s historical trading over the past year gives it a a strong long-term technical score of 85 as its price movement in that time has given investors reason to be neutral on the token in the long-term.
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