Zero Utility Token (ZUT) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Art, Collectibles and Non-Fungible Tokens has fallen 5.7% to $242.06.
Low Volatility
InvestorsObserver gives Zero Utility Token a low volatility rank of 19, placing it in the bottom 19% of cryptos on the market.
The Volatility Gauge follows this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
ZUT’s low volatility reading is coupled 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 trading near resistance. With support around $226.97 and resistance near $244.39. This leaves Zero Utility Token with potential selling pressures ahead as it may be getting over extended.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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