Novacoin (NVC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has added 49.03% to $0.2127255027.
Moderately Volatile
InvestorsObserver gives Novacoin a moderate volatility rank of 53, placing it in the top 47% of cryptos on the market.
The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day.
NVC’s moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Novacoin price is trading above resistance. With support at $0.132322240685972 and resistance set at $0.162785518979582. This positions Novacoin 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.
