Bitcoin Plus (XBC) Falls 0%, Outperforms the Crypto Market Thursday

Thursday, December 23, 2021 12:05 AM | InvestorsObserver Analysts

Bitcoin Plus (XBC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Digital Money has declined 0.01% to $8.62.

InvestorsObserver is giving Bitcoin Plus a 36 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Plus!

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Moderately Volatile

InvestorsObserver gives Bitcoin Plus a moderate volatility rank of 36, placing it in the bottom 36% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. XBC's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Bitcoin Plus price is in a good position going forward. With support at $7.8 and resistance at $9.1. 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.