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Feathercoin (FTC) Rises 1.47%, Outperforms the Crypto Market Friday

Friday, March 01, 2024 07:08 AM | InvestorsObserver Analysts
Feathercoin (FTC) Rises 1.47%, Outperforms the Crypto Market Friday

Feathercoin (FTC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Friday, the Digital Money has increased 1.47% to $0.004225434987.

volatility - 86
InvestorsObserver is giving Feathercoin a 86 Volatility Rank. Find out what this means to you and get the rest of the rankings on Feathercoin!

Highly Volatile

InvestorsObserver gives Feathercoin a high volatility rank of 86, placing it in the top 14% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. FTC's high volatility reading comes 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.

Feathercoin price is trading near resistance. With support set at $0.00397542208253136 and resistance set at $0.00429052157147518. This positions Feathercoin 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.

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