Zero Utility Token (ZUT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Art, Collectibles and Non-Fungible Tokens has advanced 2.35% to $316.63.
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 analyzes 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 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 trading above resistance. With support near $302.92 and resistance set at $316.22. This leaves Zero Utility Token out of range and potentially in a volatile position if the rally burns out.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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