BiblePay (BBP) Falls 0.38%, Underperforms the Crypto Market Friday

Friday, January 28, 2022 12:52 PM | InvestorsObserver Analysts

BiblePay (BBP) has been relatively more volatile compared to the crypto market. So far Friday, the Payments/Other has lost 37.88% to $0.00007511977392.

InvestorsObserver is giving BiblePay a 87 Volatility Rank. Find out what this means to you and get the rest of the rankings on BiblePay!

See Full Report

Highly Volatile

InvestorsObserver gives BiblePay a high volatility rank of 87, placing it in the top 13% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. BBP's high volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

BiblePay price is well positioned going forward. With support around $0.0000633823816214968 and resistance at $0.0000969143526062649. This leaves BiblePay with room to run before facing selling pressures.

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.