And effective (YEC) has been relatively more volatile than the cryptocurrency market according to recent market analysis. So far on Thursday, the cryptocurrency has gained 20.1% to $0.04361847697.
Highly volatile
InvestorsObserver gives Ycash a high volatility rank of 86, putting it in the top 14% of cryptocurrencies on the market.
The volatility indicator follows, which means that it will not one day meet or break its ranking. YEC'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 from price manipulation.
Ycash price is trading above the resistance. With support at USD 0.0342873889374352 and resistance near USD 0.0403534504937744. This puts Ycash 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.
