Nitro Network (NCash) has been relatively more volatile compared to the cryptocurrency market. So far on Friday, the cryptocurrency has gained 143.8% to $0.00001547698421.
Highly volatile
InvestorsObserver gives Nitro Network a high volatility rank of 99, putting it in the top 1% of cryptocurrencies on the market.
The volatility indicator follows, which means that it will not one day meet or break its ranking. NCash's high volatility reading is combined with a low reading on the risk/reward indicator, meaning the token has relatively wide price swings and is well protected against price manipulation.
Nitro Network price is trading above the resistance. With support near $0.00000617298168456158 and resistance around $0.00000662690412375354. This leaves Nitro Network out of reach and potentially in a volatile position if the rally peters out.
What is a token?
Tokens are digital assets that exist on the blockchain of another cryptocurrency.
