FYDcoin (FYD) Rises 27.08%, Outperforms the Crypto Market Tuesday

FYDcoin (FYD) Rises 27.08%, Outperforms the Crypto Market Tuesday

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Tuesday, August 22, 2023 11:58 AM | InvestorsObserver Analysts

FYDcoin (FYD) Rises 27.08%, Outperforms the Crypto Market Tuesday

FYDcoin (FYD) has been relatively more volatile when compared to other cryptocurrencies. So far Tuesday, the Digital Money has added 27.08% to $0.0003938336242.

volatility - 89
InvestorsObserver is giving FYDcoin a 89 Volatility Rank. Find out what this means to you and get the rest of the rankings on FYDcoin!

Highly Volatile

InvestorsObserver gives FYDcoin a high volatility rank of 89, placing it in the top 11% of cryptos on the market.

The Volatility Gauge follows meaning that one day won’t make or break its rank.

FYD’s high volatility reading pairs 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.

FYDcoin price is in a favorable position going forward. With support at $0.000160782276180921 and resistance at $0.000607345280696986. This leaves FYDcoin 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 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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