TrueFi receives a strong short-term technical score of 84 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. TRU holds a better recent technical analysis than 84% 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.
TrueFi is $0.013865 (50.79%) above its 30-day low of $0.027299106 while -$0.002720 (-6.20%) below its 30-day high of $0.04388400. In addition, TRU’s current price of $0.041164293 is above its 30-day moving average price of $0.034046090, leading to a strong short-term technical score. Overall the recent trading history of TrueFi suggest that investors are bullish on the token at the moment.
TRU has a relatively average market cap for a token with a total market value of $39,541,695.84. The market valuation for TrueFi is relatively average due to the largest 100 cryptos having a market cap above $1 billion and TRU sits underneath that mark but remains above $100 million in market capilization. TrueFi’s average volume meanwhile is average with $37,493,013.59 worth of the token traded over a typical 24 hour period. The volume for TRU is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. As of the past 24 hours, TRU’s volume is below its average with $1,949,748.83 exchanged.
TrueFi’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.
TRU’s recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the token in the short-term.
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