Bitcoin Plus (XBC) has been relatively more volatile compared to the cryptocurrency market. So far on Saturday, the digital money has fallen 23.1% to $1.68.
Highly volatile
InvestorsObserver gives Bitcoin Plus a high volatility rank of 91, putting it in the top 9% of cryptocurrencies on the market.
The volatility indicator follows, meaning that one day it will not meet or break its ranking. XBC's high volatility reading is combined with a low reading on the risk/reward indicator, meaning the coin has relatively wide price swings and is well protected from price manipulation.
Bitcoin Plus price is positioned favorably going forward. With support near $1.14 and resistance at $2.02. This leaves Bitcoin Plus with room to run before facing selling pressures.
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.
