ProxyNode (PRX) has been relatively more volatile when compared to other cryptocurrencies. So far Monday, the crypto has added 127.5% to $0.000204250749.
Highly Volatile
InvestorsObserver gives ProxyNode a high volatility rank of 90, placing it in the top 10% of cryptos on the market.
The Volatility Gauge analyzes meaning that one day won’t make or break its rank.
PRX’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.
ProxyNode price is trading near resistance. With support set at $0.0000202475770477915 and resistance set at $0.000228613584475476. This leaves ProxyNode with potential selling pressures ahead as it may be getting over extended.
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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