Nyzo (NYZO) has been relatively more volatile compared to the crypto market. So far Tuesday, the crypto has added 48.79% to $0.08257840808.
Highly Volatile
InvestorsObserver gives Nyzo a high volatility rank of 77, placing it in the top 23% of cryptos on the market.
The Volatility Gauge takes into account meaning that one day won’t make or break its rank.
NYZO’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.
Nyzo price is trading above resistance. With support near $0.0524448708825578 and resistance near $0.0597753108673562. This leaves Nyzo 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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