BitTorrent (BTTOLD) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has fallen 63.23% to $0.0001376532127.
Highly Volatile
InvestorsObserver gives BitTorrent a high volatility rank of 93, placing it in the top 7% of cryptos on the market.
The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will.
BTTOLD's high volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.
BitTorrent price is in a good position going forward. With support at $0.0000104144561251862 and resistance near $0.000268683149994654. This positions BitTorrent with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency's blockchain.
