Bitzeny (ZNY) Rises 92.28%, Outperforms the Crypto Market Wednesday

Wednesday, April 06, 2022 07:48 AM | InvestorsObserver Analysts

Bitzeny (ZNY) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the crypto has added 92.28% to $0.0008976018159.

InvestorsObserver is giving Bitzeny a 84 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitzeny!

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Highly Volatile

InvestorsObserver gives Bitzeny a high volatility rank of 84, placing it in the top 16% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. ZNY'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.

Bitzeny price is trading near resistance. With support set at $0.000147889674440458 and resistance set at $0.00109330906768745. This leaves Bitzeny with potential selling pressures ahead as it may be getting over extended.

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.