BitcoinPoS (BPS) has been relatively more volatile than the crypto market according to recent market analysis. So far on Friday, the crypto is down 7.52% at $0.0168277352.
highly volatile
InvestorsObserver gives BitcoinPoS a high volatility range of 89, putting it in the top 11% of cryptos on the market.
The volatility indicator analyzes this and makes your score defined by recent trends, rather than one bad day. The high volatility reading on BPS is combined with a low reading on the risk/reward indicator, which means that the coin has relatively wide price fluctuations and is well protected against price manipulation.
The BitcoinPoS price is in a favorable position going forward. With support at $0.0114407555401761 and resistance set at $0.0194434101894933. This leaves BitcoinPoS 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 these payments can vary from general use in the digital money subclass to more specific uses in some other subclasses.
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