BiblePay (BBP), High Volatility and Falling Tuesday: Is it Time to Cash Out?

Tuesday, January 18, 2022 07:33 PM | InvestorsObserver Analysts

BiblePay (BBP) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Payments/Other has declined 24.64% to $0.000095743436.

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

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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 this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. 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 in a favorable position going forward. With support near $0.0000706270790105999 and resistance around $0.000105196295960931. 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.