MINIUSD Slumps to Year Low: A Look at MiniSwap USD’s Current Standstill
MiniSwap USD (MINIUSD) is making headlines as it trades at its current low of $0.00501661. Despite no immediate price movement, a deeper dive into its performance reveals a year plagued by significant downturns.
Current Market Situation
MiniSwap USD is currently trading at $0.00501661, unchanged for the day. With trading volume at 241, below its average of 425, the cryptocurrency appears stagnant. Its price remains at the year low, with a high of $0.026976 reached earlier in the year. The market capitalization stands at zero due to the peculiarities of MiniSwap’s supply.
Sentiment and Technical Indicators
Despite the steady price today, the sentiment is glum with MiniSwap USD’s year-to-date change at a staggering -59.78%. Technical indicators show extreme quietness in the market. The RSI is at 0, indicating no momentum. Similarly, the MACD and its signal line both read 0, suggesting a lack of trading signals. The ATR is also 0, pointing towards negligible volatility, with the Keltner Channels uniformly at $0.01.
Historical Performance and Forecasts
MiniSwap USD has suffered a year-over-year drop of 54.03%, highlighting a tough period for the crypto. Over three years, the decline is 58.76%, suggesting continual losses. Forecasts indicate a potential yearly price target of $0.0038, but a seven-year outlook appears more optimistic at $0.0305. It’s critical to remember that forecasts can change due to macroeconomic shifts, regulations, or unexpected events affecting the crypto market.
News and Market Impact
Recent discussions, such as those reported by Yahoo Finance, highlight MiniSwap’s origins and performance. Launched in 2020 on the Ethereum platform, it currently holds no supply, which impacts its present valuation and trading behavior. With Meyka AI noting this trend, the importance of staying informed on news and sentiment becomes evident.
Final Thoughts
MiniSwap USD’s current scenario reflects a crypto facing both historical and forecasted challenges. While trading volume remains low and price changes are minimal, understanding technical indicators and market sentiment is vital for interpreting its position. This ongoing analysis can help navigate potential future opportunities, even in a still market like MiniSwap USD.
FAQs
The current price of MINIUSD is $0.00501661, with no change in percentage or value at the moment of reporting. It’s at its year low with no movement today.
Year-to-date, MiniSwap USD has dropped 59.78%, which is a significant decrease illustrating a challenging market period for this cryptocurrency. Over the past year, the decline is around 54.03%.
Currently, the RSI and MACD are both at 0, indicating very little momentum or trading signals. Overall volatility is low, as indicated by an ATR of 0 and uniform Keltner Channels at $0.01.
The yearly forecast suggests a price of around $0.0038, but a longer-term seven-year forecast is more optimistic with a target of $0.0305. However, forecasts can change with economic, regulatory, or market shifts.
As of the latest news, there’s no imminent announcements. However, Yahoo Finance reports highlight the necessity to monitor ongoing changes in the cryptocurrency’s supply and market activity.
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.
