Zero Utility Token (ZUT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Art, Collectibles and Non-Fungible Tokens has dropped 3.27% to $248.36.
Low Volatility
InvestorsObserver gives Zero Utility Token a low volatility rank of 10, placing it in the bottom 10% of cryptos on the market.
The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day.
ZUT’s low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.
Zero Utility Token price is favorably positioned going forward. With support near $232.21 and resistance at $260.99. This leaves Zero Utility Token with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
