What’s Behind the Stagnant EGCUSD Prices? Examining EverGrow USD
Despite a massive annual change of 55115.20%, EverGrow USD (EGCUSD) is currently demonstrating stagnant trading at a price of $0.000017003522. Let’s dive into the data and understand what’s happening with this intriguing cryptocurrency.
Flat Prices and Low Trading Volume
EGCUSD is currently priced at $0.000017003522, with no change in percentage or value over the recent period. The day’s low is the same as the high at $0.000017003522, reflecting negligible movement. Additionally, with a volume of 15, well below the average volume of 36, the trading action around EGCUSD remains subdued.
Market Cap and Historical Performance
EverGrow USD’s market cap stands at a mere 7904, and its year-to-date change is a staggering -78.20061%. Despite this downturn, the one-year change displays an impressive 55115.20% increase, echoing a volatile journey. It reached a year-high of $0.001123 yet currently hovers at its year-low.
Technical Indicators Signal Oversold Conditions
Current technical indicators show that EGCUSD is in an oversold state, with an RSI of 0 and MACD holding at 0. These values indicate a lack of momentum and possible consolidation, as supported by the Average True Range (ATR) at 0, suggesting minimal volatility. However, the Relative Vigor Index (RVI) at 50 implies some equilibrium in trading sentiment.
Long-term Forecasts and Trends
According to Meyka AI, the projected yearly forecast for EGCUSD is $0.000112901231. Looking further into the future, a five-year forecast shows potential growth to $0.000330339031. These forecasts underscore long-term optimism, albeit they are vulnerable to macroeconomic shifts, regulations, or unforeseen events affecting the crypto market.
Final Thoughts
Current data indicates that EGCUSD is at a standstill with flat prices and subdued trading volume. While technical indicators suggest an oversold condition, the long-term forecasts provide a glimpse of potential upside. Investors should remain attentive to market changes that could alter these forecasts significantly.
FAQs
EGCUSD’s price is stagnant due to low trading volume, which stands at 15 compared to an average of 36, indicating minimal market activity or interest.
Despite a flat performance recently, EGCUSD has experienced an enormous change of 55115.20% over the year, though it’s down -78.20061% year-to-date, reflecting high volatility.
With an RSI of 0 and MACD at 0, EGCUSD is in an oversold condition, and the technical indicators suggest minimal current momentum or volatility, according to the ATR value.
Long-term forecasts suggest potential growth, with a 5-year expected price of $0.000330339031, although such predictions depend on various economic and market factors.
Yes, prices can change due to macroeconomic shifts, regulatory announcements, or unexpected market events, affecting overall crypto market behavior or sentiment.
Disclaimer:
Cryptocurrency markets are highly volatile. This content is for informational purposes only. The Forecast Prediction Model is provided for informational purposes only and should not be considered financial advice. Meyka AI PTY LTD provides market data and sentiment analysis, not financial advice. Always do your own research and consider consulting a licensed financial advisor before making investment decisions.
