Bitcoin Cash (BCH) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the Digital Money has gained 3.54% to $246.68.
Moderately Volatile
InvestorsObservergives Bitcoin Cash a moderate volatility rank of 40, placing it in the bottom 40% of cryptos on the market.
The Volatility Gauge follows meaning that one day won’t make or break its rank.
BCH’s moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Bitcoin Cash price is trading above resistance. With support at $233.21 and resistance at $245.37. This positions Bitcoin Cash out of range and potentially in a volatile position if the rally burns out.
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.Â
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