Zero Utility Token (ZUT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the Art, Collectibles and Non-Fungible Tokens has declined 14.94% to $247.41.
InvestorsObserver gives Zero Utility Token a low volatility rank of 22, placing it in the bottom 22% of cryptos on the market.
The Volatility Gauge takes into account which means that one day won’t define its volatility rank – a trend will.
ZUT’s low volatility reading is paired 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 around $205.86 and resistance set at $271.42. 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.