ByteNext (BNU) Rises 0.56%, Outperforms the Crypto Market Sunday

Sunday, August 06, 2023 07:21 AM | InvestorsObserver Analysts

ByteNext (BNU) has been relatively less volatile when compared to other cryptocurrencies. So far Sunday, the Art, Collectibles and Non-Fungible Tokens has added 0.56% to $0.003638230402.

InvestorsObserver is giving ByteNext a 13 Volatility Rank. Find out what this means to you and get the rest of the rankings on ByteNext!

Low Volatility

InvestorsObserver gives ByteNext a low volatility rank of 13, placing it in the bottom 13% of cryptos on the market.

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

ByteNext price is trading above resistance. With support at $0.00360596526804816 and resistance near $0.00363421903382491. This leaves ByteNext out of range and potentially in a volatile position if the rally burns out.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Share this article: