Socaverse (SOCA) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has fallen 1.41% to $0.00000006812385098.
Highly Volatile
InvestorsObserver gives Socaverse a high volatility rank of 90, placing it in the top 10% of cryptos on the market.
The Volatility Gauge analyzes this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
SOCA’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.
Socaverse price is favorably positioned going forward. With support near $0.0000000560472055853016 and resistance near $0.0000000894850980402144. This leaves Socaverse with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
