BitTube (TUBE) has been relatively more volatile when compared to other cryptocurrencies. So far Thursday, the crypto has lost 31.3% to $0.0004674887434.
Highly Volatile
InvestorsObserver gives BitTube a high volatility rank of 89, placing it in the top 11% of cryptos on the market.
The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day.
TUBE’s high volatility reading pairs 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.
BitTube price is well positioned going forward. With support set at $0.00029588274278766 and resistance set at $0.000587509439495341. This positions BitTube with room to run before facing selling pressures.
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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