LootBox.io (LOOT) has been relatively more volatile compared to the crypto market. So far Sunday, the Art, Collectibles and Non-Fungible Tokens has declined 4.37% to $34.84.
Highly Volatile
InvestorsObserver gives LootBox.io a high volatility rank of 98, placing it in the top 2% of cryptos on the market.
The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day.
LOOT’s high volatility reading pairs 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.
LootBox.io price is well positioned going forward. With support around $32.4 and resistance around $37.5. This positions LootBox.io with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.