The cryptocurrency Sp8de (SPX) has recorded a loss of 0.131 percent in the past 24 hours. Read more about the current cryptocurrency situation!
A Sp8de currently costs 0.7900, which is 0.131 percent less than 24 hours ago. In a 24-hour comparison, the cryptocurrency performed significantly worse than the most important comparison currency, Bitcoin. The world’s best-known cryptocurrency rose by 0.57 percent over the same period.
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Sp8de News: the development of cryptocurrency
On a weekly basis, the cryptocurrency with the abbreviation SPX has gained 19.45 percent. The Sp8de is also in the plus on a monthly basis. The price rose by $0.7264 in the past 30 days from $0.0636 to today’s price of $0.7900, an increase of 1142.01 percent.
On September 27, 2024, around a year ago, the value of the cryptocurrency was still $0.0636. The price has therefore risen by 1142.01 percent within around a year. The cryptocurrency’s annual high is $0.88 and its annual low is $0.06. The cryptocurrency is therefore well above the annual low, but still well below the annual high.
| Currency | Course | Tag | Week | Year |
|---|---|---|---|---|
The table shows the current exchange rate in US dollars as well as the change from the previous day, the previous week, the previous month and the previous year. It should be noted that when comparing the previous day, the value exactly 24 hours ago is used as the comparison value. For the monthly value this is the rate 30 days ago, for the previous year comparison it is the rate from September 27, 2024.
Sp8de current euro rate
At the current price of 0.7900 US dollars per Sp8de, the current dollar rate of 0.92 euros results in a rate of 0.73 EUR per Sp8de. The changes in the exchange rate also affect the performance of the Sp8de. Calculated in euros, the cryptocurrency has risen by 1174.86 percent compared to the previous month. The change compared to the previous year, calculated in euros, is 1112.61 percent.
| Currency | Course | Change Month | Change Year |
|---|---|---|---|
The table shows the current exchange rate in US dollars and euros as well as the change in percent compared to the previous month and the previous year. Negative values represent price losses.
Bitcoin Price Forecast: Technical Indicators
The weekly momentum is at 119.453, which indicates a clearly positive trend. A value above 100 means a price increase in the past week, a value below 100 means a price decline.
Many traders see the current trend as an indication of developments in the coming days. “The trend is your friend” is an old stock market saying that applies equally to foreign exchange and stock markets.
However, the further course of Bitcoin depends on many factors, especially the trust of the crypto community in its stability. It is therefore worth looking at other technical indicators. With the RSI, the SMA200 and the VWAP, we have calculated and explained three for you.
RSI: Sp8de overvalued
With a value of 99.397, Sp8de is currently overvalued as it is above 70 according to Wallace Wilder’s Relative Strength Index (RSI). This means that it is considered overbought; if the value is below 30, it would be oversold and therefore undervalued. This indicator therefore expects Bitcoin to tend to fall or at least develop weaker.
The Relative Strength Index (RSI) is a measure of the strength and volatility of a financial instrument, such as a cryptocurrency. It ranges on a scale from 0 to 100 and measures the extent to which upward movements outweigh downward movements over a given period of time. However, it is important to note that RSI alone is not enough and should be used in conjunction with other analytical tools and fundamentals to make informed trading decisions.
Sp8de SMA200: simple moving average
At $0.7900, the Sp8de cryptocurrency is currently above the 200-day moving average (SMA 200) of 0.08. A value above the moving average is generally considered a sign of a positive trend, a value below a sign of a negative development. This indicator therefore suggests good development for the cryptocurrency.
VWAP Bitcoin: What does it say?
The Volume Weighted Average Price (VWAP) is also a popular indicator. In German it is called the volume-weighted average price. Here, too, a positive trend is assumed if the price is above the VWAP and a negative one if it is below it. The volume-weighted average price is currently $0.78 and the price is $0.7900. The current price is therefore slightly above the VWAP. However, the price is less than 3.0 percent above the VWAP, so it is not a particularly clear signal.
A calculation period of 200 days is often chosen for the SMA, as was the case in this case. It therefore provides more information about the medium-term trend. The VWAP, on the other hand, was – as is generally the case – determined using data from the day, which is why it is often used by day traders.
How much Sp8de can I buy for 100 euros?
The table below shows how many units of the cryptocurrency you can buy for the specified amount at the current rate of USD 0.7900 or EUR 0.73 per Sp8de.
| Cryptocurrency | 100 EUR | 250 EUR | 500 EUR | 750 EUR | 2.500 EUR | 0,73 EUR |
|---|---|---|---|---|---|---|
How risky is the Sp8de
Cryptocurrencies are generally associated with a high risk. Especially with small ones Cryptocurrencies There is a risk that they will disappear from the market completely and become worthless. According to data from coincap, the Sp8de is currently in 17th place in terms of market capitalization, so it is not one of the top 10 cryptocurrencies, but it is not one of the smallest either. According to coincap Sp8de, USD 1,685,563.74 worth of transactions were made in the last 24 hours. The data comes from several major crypto exchanges such as Kraken, Binance and Coinbase Pro. Although small cryptocurrencies often offer more opportunities for large price losses, they also tend to be at greater risk of disappearing. But of course this observation does not apply in every individual case. Therefore, form your own opinion based on further information.
Coefficient of variation for Sp8de high – what does that mean?
There is some evidence about how much a cryptocurrency fluctuates. We calculated a coefficient of variance for the past 30 days from coincap.io data. This is currently 52.72 percent and therefore rather high. This means that the price of Sp8de fluctuates more than that of many other cryptocurrencies. Of course, it should be noted that the information on the intensity of fluctuation always refers to the past and can change.
To determine the coefficient of variation, we first calculated the standard deviation for all daily prices over the past 30 days and then divided this by the average price of this period. The result is then multiplied by 100 to display it as a percentage.
How many coins are there from Sp8de?
According to data from coincap, a total of 7,783,757,012 coins were in circulation as of October 27, 2024.
From this number and the current price of USD 0.7900, the already mentioned market capitalization, i.e. the value of all coins as a whole, is currently around USD 6.1 billion. However, market capitalization is the main factor Shares an important role because it shows what a company is in the eyes of Stock market is worth.
Conclusion
It is difficult to predict whether the Sp8de will continue to rise. Many indicators such as the VWAP and the SMA 200 suggest a rise in Sp8de. However, this is not a guarantee, especially since the coefficient of variation is rather high, which indicates strong fluctuations. Form your own opinion based on various data and remember that even the best strategy and analysis does not offer 100 percent security.
For example, read our news about others Cryptocurrencies.
Also take a look at the latest news from the financial world on our Stocks topic page.
In the table below we have summarized the most important indicators used in this article. With the RSI, as in the text, we consider a value below 30 as an indicator of price increases, i.e. a positive development. A value above 70, on the other hand, is seen as a negative indicator. With the SMA 200 we speak of a positive indicator if the price is at least 10.0 percent above the moving average of the past 200 days, and a negative indicator if it is more than 10.0 percent below. Values in between are considered neutral. Similarly, for VWAP and momentum, all values are seen as neutral if the price is less than 3.0 percent away from the reference value.
| Indicator | trend |
|---|---|
+++ Risk warning: This article does not constitute investment advice or a recommendation for investing. The information has been compiled to the best of our knowledge and belief. All information provided here is for educational and private entertainment purposes only.+++
+++ Editorial note: This text was created automatically based on current data from coinbase. Time of last update: October 27, 2024, 4:55 a.m. +++
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