hemp coin (THC) has been relatively more volatile compared to the cryptocurrency market. So far on Thursday, the cryptocurrency has advanced 36.71% to $0.001885388903.
Highly volatile
InvestorsObserver gives HempCoin a high volatility rank of 80, putting it in the top 20% of cryptocurrencies on the market.
The volatility indicator takes into account the meaning that one day will neither make nor break your ranking. The high volatility reading on THC is combined with a low reading on the risk/reward indicator, meaning the coin has relatively wide price swings and is well protected against price manipulation.
HempCoin price is trading above the resistance. With support set at $0.0012070175016937 and resistance around $0.00172300478338125. This puts HempCoin out of its 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.
