BitcoinPoS (BPS) has been relatively more volatile compared to the crypto market. So far Wednesday, the crypto has advanced 61.07% to $0.05950183038.
Highly Volatile
InvestorsObserver gives BitcoinPoS a high volatility rank of 86, placing it in the top 14% of cryptos on the market.
The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day.
BPS’s high volatility reading is coupled 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 trading above resistance. With support set at $0.026296810435228 and resistance near $0.0580474298466965. This positions BitcoinPoS 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.
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