BitcoinPoS (BPS) has been relatively more volatile when compared to other cryptocurrencies. So far Sunday, the crypto has declined 33.88% to $0.03500581513.
Highly Volatile
InvestorsObserver gives BitcoinPoS a high volatility rank of 94, placing it in the top 6% of cryptos on the market.
The Volatility Gauge takes into account this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
BPS’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.
BitcoinPoS price is favorably positioned going forward. With support at $0.0177442860641577 and resistance at $0.0438555870988466. This leaves BitcoinPoS 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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