World currency reserve (GCR) has been relatively more volatile than the cryptocurrency market according to recent market analysis. So far on Sunday, the cryptocurrency has risen 4.74% to $0.675714685.
Highly volatile
InvestorsObserver gives Global Currency Reserve a high volatility rank of 99, placing it in the top 1% of cryptocurrencies on the market.
The volatility indicator analyzes this and makes your score defined by recent trends, rather than a bad day. GCR's high volatility reading comes with a low reading on the risk/reward indicator, meaning the coin has relatively wide price swings and is well protected against price manipulation.
The price of the global forex reserve is trading above the resistance. With support set at USD 0.641932957358053 and resistance near USD 0.651138596720388. This leaves the World Currency Reserve out of range 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.
