Bitcoin Token (BTCT) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the crypto has advanced 51.69% to $0.0008897117241.
Highly Volatile
InvestorsObserver gives Bitcoin Token a high volatility rank of 95, placing it in the top 5% of cryptos on the market.
The Volatility Gauge analyzes meaning that one day won’t make or break its rank.
BTCT’s high volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.
Bitcoin Token price is trading above resistance. With support around $0.000384436828411174 and resistance at $0.00069205800080764. This positions Bitcoin Token out of range and potentially in a volatile position if the rally burns out.
What is a Coin?
A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.
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