Bitcoin Cash (BCH) has been relatively less volatile than the cryptocurrency market according to recent market analysis. So far on Friday, the digital money has risen 3.95% to $253.29.
Low volatility
InvestorsObserver gives Bitcoin Cash a low volatility rank of 24, putting it in the bottom 24% of cryptocurrencies on the market.
The volatility indicator tracks which means you will not one day meet or break your ranking. BCH's low volatility reading is combined with a low reading on the risk/reward indicator, meaning the coin has relatively narrow price swings and is well protected against price manipulation.
Bitcoin Cash price is trading above resistance. With support set at $241.11 and resistance near $245.54. This leaves Bitcoin Cash out of reach and potentially in a volatile position if the rally peters out.
What is a coin?
A coin is a cryptocurrency that exists on its own blockchain. These are normally used for payments. Depending on the cryptocurrency, the use of those payments can vary from general use in the Digital Money subclass to more specific uses in some other subclasses.
