Growth DeFi receives a weak short-term technical score of 32 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. GRO holds a better recent technical analysis than 32% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.
Trading Analysis
Growth DeFi is $0.004134 (29.53%) higher than its 30-day low price of $0.013998155 while also -$0.190896 (-91.33%) lower than its high of $0.20902810 from the past month of trading. Meanwhile, GRO’s current price of $0.018132433 is under its average price of $0.049033504 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Growth DeFi suggest that traders are currently bearish on the token.
GRO has a relatively low market cap for a token with a total market value of $7,858.18. Growth DeFi’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. Growth DeFi’s average volume meanwhile is low with $9.72 worth of the token traded over a typical 24 hour period. GRO’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. As of the past 24 hours, GRO’s volume is below its average with $1.45 exchanged.
Growth DeFi’s subclass Governance: Governance tokens control changes to a crytpo ecosystem. Holders of governance tokens get a say in changes to the protocols that govern a particular blockchain or DeFi system.
Summary
Growth DeFi’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.
Click Here to get the full Report on Growth DeFi (GRO).
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