Wrapped Bitcoin (WBTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Wrapped Tokens has advanced 0.18% to $16829.16.
Low Volatility
InvestorsObserver gives Wrapped Bitcoin a low volatility rank of 9, placing it in the bottom 9% of cryptos on the market.
The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day.
WBTC’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.
Wrapped Bitcoin price is in a favorable position going forward. With support around $16645.4 and resistance around $16936.88. This leaves Wrapped Bitcoin with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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