FirstCoin (FRST) Rises 8.4%, Outperforms the Crypto Market Saturday

Saturday, May 06, 2023 04:26 PM | InvestorsObserver Analysts

FirstCoin (FRST) has been relatively less volatile when compared to other cryptocurrencies. So far Saturday, the crypto has increased 8.4% to $0.0005171786025.

InvestorsObserver is giving FirstCoin a 22 Volatility Rank. Find out what this means to you and get the rest of the rankings on FirstCoin!

Low Volatility

InvestorsObserver gives FirstCoin a low volatility rank of 22, placing it in the bottom 22% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. FRST's low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

FirstCoin price is trading near resistance. With support at $0.000450939056246852 and resistance set at $0.00052938034037811. This leaves FirstCoin with potential selling pressures ahead as it may be getting over extended.

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.

Share this article: