Bitcloud (BTDX) Rises 39.63%, Outperforms the Crypto Market Saturday

Saturday, December 04, 2021 12:30 PM | InvestorsObserver Analysts

Bitcloud (BTDX) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the crypto has added 39.63% to $0.00384300602, reaching a five-day high.

InvestorsObserver is giving Bitcloud a 75 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcloud!

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Moderately Volatile

InvestorsObserver gives Bitcloud a moderate volatility rank of 75, placing it in the top 25% of cryptos on the market. The Volatility Gauge tracks the previous 60 days, meaning that one day won't make or break the score. BTDX's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation. Bitcloud price is favorably positioned going forward. With support around $0.000910664095724037 and resistance set at $0.0063080574639086. This leaves Bitcloud 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.