BitTorrent (BTTOLD) has been relatively more volatile when compared to other cryptocurrencies. So far Tuesday, the crypto has increased 54.72% to $0.0004141019915.
Highly Volatile
InvestorsObservergives BitTorrent a high volatility rank of 94, placing it in the top 6% of cryptos on the market.
The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day.
BTTOLD’s high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.
BitTorrent price is trading near resistance. With support set at $0.0000605942285988338 and resistance near $0.00044067490209321. This leaves BitTorrent with potential selling pressures ahead as it may be getting over extended.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.Â
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