Bitcoin Plus (XBC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Friday, the Digital Money has fallen 26.74% to $2.95.
Highly Volatile
InvestorsObserver gives Bitcoin Plus a high volatility rank of 94, placing it in the top 6% of cryptos on the market.
The Volatility Gauge follows meaning that one day won’t make or break its rank.
XBC’s high volatility reading comes 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.
Bitcoin Plus price is well positioned going forward. With support set at $1.8 and resistance around $3.64. This positions Bitcoin Plus 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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