BitCash (BITC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Friday, the crypto has gained 62.36% to $0.002671938431.
Highly Volatile
InvestorsObserver gives BitCash a high volatility rank of 87, placing it in the top 13% of cryptos on the market.
The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. BITC’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.
BitCash price is trading near resistance. With support around $0.00103868878396652 and resistance set at $0.00283813706083647. This leaves BitCash with potential selling pressures ahead as it may be getting over extended.
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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