BHPCoin (BHP) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Thursday, the crypto has added 50.23% to $1.27.
InvestorsObserver gives BHPCoin a high volatility rank of 83, placing it in the top 17% of cryptos on the market.
The Volatility Gauge takes into account meaning that one day won’t make or break its rank. BHP’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.
BHPCoin price is trading above resistance. With support around $0.72425931047395 and resistance at $1.06. This positions BHPCoin 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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