BitcoinPoS (BPS) Falls 0%, Underperforms the Crypto Market Thursday

Thursday, March 28, 2024 08:36 AM | InvestorsObserver Analysts

BitcoinPoS (BPS) has been relatively less volatile compared to the crypto market. So far Thursday, the crypto has lost 0.08% to $0.02479445863.

InvestorsObserver is giving BitcoinPoS a 22 Volatility Rank. Find out what this means to you and get the rest of the rankings on BitcoinPoS!

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Low Volatility

InvestorsObserver gives BitcoinPoS a low volatility rank of 22, placing it in the bottom 22% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. BPS's low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

BitcoinPoS price is favorably positioned going forward. With support near $0.0247360250492025 and resistance at $0.0248453697700429. This positions BitcoinPoS 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.