Plasma Finance (PPAY) Rises 31.78%, Outperforms the Crypto Market Wednesday

Wednesday, May 03, 2023 07:31 PM | InvestorsObserver Analysts

Plasma Finance (PPAY) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the Decentralized Finance has gained 31.78% to $0.003950163884.

InvestorsObserver is giving Plasma Finance a 85 Volatility Rank. Find out what this means to you and get the rest of the rankings on Plasma Finance!

Highly Volatile

InvestorsObserver gives Plasma Finance a high volatility rank of 85, placing it in the top 15% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. PPAY's high volatility reading comes 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.

Plasma Finance price is trading near resistance. With support around $0.00144578442819022 and resistance around $0.004598331017453. This positions Plasma Finance 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.

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