CRYPTO20 (C20) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has dropped 38.07% to $0.02373120356.
Highly Volatile
InvestorsObserver gives CRYPTO20 a high volatility rank of 96, placing it in the top 4% of cryptos on the market.
The Volatility Gauge follows which means that one day won’t define its volatility rank – a trend will.
C20’s high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.
CRYPTO20 price is in a favorable position going forward. With support set at $-0.000538614877039212 and resistance near $0.0391041046748817. This positions CRYPTO20 with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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