Bitcoin Plus (XBC) Falls 0.3%, Underperforms the Crypto Market Friday
Friday, June 24, 2022 02:41 PM | InvestorsObserver Analysts
Bitcoin Plus (XBC) has been relatively more volatile when compared to other cryptocurrencies. So far Friday, the Digital Money has lost 29.54% to $2.13.
InvestorsObserver is giving Bitcoin Plus a 95 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Plus!
InvestorsObserver gives Bitcoin Plus 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.
XBC's high volatility reading is paired 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 favorably positioned going forward. With support around $1.14 and resistance near $2.89. This leaves 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.
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