BitCash (BITC) Rises 50.13%, Outperforms the Crypto Market Wednesday

Wednesday, July 13, 2022 02:58 PM | InvestorsObserver Analysts

BitCash (BITC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the crypto has gained 50.13% to $0.001188229934.

InvestorsObserver is giving BitCash a 95 Volatility Rank. Find out what this means to you and get the rest of the rankings on BitCash!

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Highly Volatile

InvestorsObserver gives BitCash a high volatility rank of 95, placing it in the top 5% of cryptos on the market.

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

BitCash price is trading above resistance. With support near $0.00065438765845294 and resistance around $0.00104650059760581. This positions BitCash out of range and potentially in a volatile position if the rally burns out.

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.