Bitblocks (BBK) Falls 0.47%, Underperforms the Crypto Market Monday

Monday, February 07, 2022 05:57 PM | InvestorsObserver Analysts

Bitblocks (BBK) has been relatively more volatile when compared to other cryptocurrencies. So far Monday, the crypto has declined 46.97% to $0.000441416733.

InvestorsObserver is giving Bitblocks a 93 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitblocks!

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Highly Volatile

InvestorsObserver gives Bitblocks a high volatility rank of 93, placing it in the top 7% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. BBK's high volatility reading comes 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.

Bitblocks price is favorably positioned going forward. With support near $0.000193478952693692 and resistance set at $0.000628613174027703. This positions Bitblocks 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.