Blocknet (BLOCK) Rises 51.24%, Outperforms the Crypto Market Saturday

Saturday, May 13, 2023 03:31 PM | InvestorsObserver Analysts

Blocknet (BLOCK) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the crypto has increased 51.24% to $0.08564651695.

InvestorsObserver is giving Blocknet a 75 Volatility Rank. Find out what this means to you and get the rest of the rankings on Blocknet!

Moderately Volatile

InvestorsObserver gives Blocknet a moderate volatility rank of 75, placing it in the top 25% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. BLOCK's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Blocknet price is trading above resistance. With support around $0.0552339752741338 and resistance set at $0.0590576318629266. This leaves Blocknet 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.

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