Bitcoin Incognito (XBI) Rises 191.01%, Outperforms the Crypto Market Sunday

Sunday, July 10, 2022 10:56 AM | InvestorsObserver Analysts

Bitcoin Incognito (XBI) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Sunday, the crypto has added 191.01% to $0.001259245595.

InvestorsObserver is giving Bitcoin Incognito a 97 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Incognito!

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Highly Volatile

InvestorsObserver gives Bitcoin Incognito a high volatility rank of 97, placing it in the top 3% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. XBI'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.

Bitcoin Incognito price is trading above resistance. With support near $0.0000828174127669127 and resistance near $0.00113089934558916. This leaves Bitcoin Incognito 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.