Crypto News– Measurable Data Token (MDT) has garnered a bullish rating from InvestorsObserver as of Friday. Despite the broader crypto market experiencing a 0.94% decline, MDT has demonstrated resilience with an 8.13% increase, currently trading at $0.04293955715.
Measurable Data Token (MDT) Earns a Positive Rating on Friday
Over the course of the last five days, Measurable Data Token has consistently achieved a Bullish rating on the InvestorsObserver Sentiment Score. This Sentiment Score is a dynamic metric that assesses MDT’s recent performance by considering both trading volume and price movements.
InvestorsObserver’s Sentiment Score is designed to provide a concise and short-term evaluation of a cryptocurrency’s recent market behavior. This rating serves as a valuable resource for various investors, including those interested in short-term opportunities during market upswings and long-term investors seeking advantageous entry points during market downturns.
Price Levels
Measurable Data Token is currently trading near its five-day high, with a valuation of approximately $0.0429395571458178. This positions the cryptocurrency extremely close to its highest price point over the past five days, reflecting a marginal deviation of just 0.00%. Furthermore, MDT exhibits a notable increase of 16.21% when compared to its lowest price over the same five-day period, which stood at $0.0369497686624527.
Presently, Measurable Data Token has successfully breached its resistance level, signifying a positive market sentiment. Support for MDT is firmly established around the $0.0385195000951695 mark, offering a foundational level of price stability. On the other hand, resistance has formed at approximately $0.0412986709659505, suggesting that Measurable Data tokens might experience increased price volatility if the current upward momentum begins to wane.
One noteworthy aspect is that Measurable Data Token has recently experienced a lower-than-average trading volume. Today’s trading volume falls beneath the cryptocurrency’s average volume recorded over the past seven days, indicating a potential subdued trading activity in the short term.
Trading Analysis
Measurable Data Token (MDT) is currently presenting itself as a moderate-risk investment option, according to the risk gauge score. This assessment is particularly relevant for portfolio managers and investors who prioritize risk evaluation in their decision-making process.
Over the past 24 hours, MDT has exhibited a decline of 4.95% in its price, leading to its current valuation of $0.041688383. It’s worth noting that this price correction occurred against the backdrop of lower-than-average trading volume. Despite the recent price dip, the token’s market capitalization has risen. Presently, MDT boasts a market capitalization of $28,187,892.53, with a total trading volume of $5,001,372.10 over the past 24 hours.
In essence, when considering the price movement in relation to the degree of trading volume and changes in market capitalization, Measurable Data Token maintains an average risk rating. It’s essential for investors to weigh these factors carefully and assess their own risk tolerance when considering an investment in MDT.
What Is MDT Crypto?
Measurable Data Token (MDT) is a cryptocurrency that brings data buyers and providers together while ensuring full control and anonymity through the utilization of blockchain technology‘s security and transparency advantages. This approach allows data buyers to access precise and valuable data while safeguarding their privacy. It provides data providers with a secure platform to offer their data and receive fair compensation.
One of the primary benefits of MDT is its decentralization, which eliminates intermediaries in the data exchange process. This not only makes data transactions faster and more efficient but also reduces associated costs. Additionally, the blockchain-based infrastructure of MDT enables transparent tracking of all transactions, making it highly challenging for any form of manipulation or fraudulent activity.
The adoption of MDT fosters a stronger trust relationship between data buyers and providers, creating a more equitable data economy. Data providers gain direct control over their valuable data assets and are fairly compensated for their usage, while data buyers can confidently access accurate and valuable data with the assurance of transparency and security in the sourcing process.
This innovative approach to data exchange has the potential to revolutionize the way data is bought and sold, providing a win-win situation for both parties involved. MDT’s commitment to data privacy, security, and fairness positions it as a key player in the evolving data economy landscape.
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