Bitblocks (BBK) Falls 0.51%, Underperforms the Crypto Market Friday

Friday, January 07, 2022 07:22 AM | InvestorsObserver Analysts

Bitblocks (BBK) has been relatively more volatile compared to the crypto market. So far Friday, the crypto has fallen 50.55% to $0.0004235646652.

InvestorsObserver is giving Bitblocks a 91 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 91, placing it in the top 9% 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 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.

Bitblocks price is in a favorable position going forward. With support at $0.000180208692498358 and resistance near $0.000628727707251759. This leaves 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.