Bitcoin Plus (XBC) Falls 0.21%, Underperforms the Crypto Market Monday

Monday, May 29, 2023 04:41 PM | InvestorsObserver Analysts

Bitcoin Plus (XBC) has been relatively more volatile when compared to other cryptocurrencies. So far Monday, the Digital Money has lost 20.82% to $2.81.

InvestorsObserver is giving Bitcoin Plus a 89 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Plus!

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Highly Volatile

InvestorsObserver gives Bitcoin Plus a high volatility rank of 89, placing it in the top 11% of cryptos on the market.

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

Bitcoin Plus price is in a favorable position going forward. With support set at $2.18 and resistance near $3.17. This positions Bitcoin Plus 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.