FirstCoin (FRST) Up 14.79% Thursday: What's Next?

Thursday, November 10, 2022 04:40 PM | InvestorsObserver Analysts

FirstCoin (FRST) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has gained 14.79% to $0.000534724465.

InvestorsObserver is giving FirstCoin a 64 Volatility Rank. Find out what this means to you and get the rest of the rankings on FirstCoin!

See Full Report

Moderately Volatile

InvestorsObserver gives FirstCoin a moderate volatility rank of 64, placing it in the top 36% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. FRST's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

FirstCoin price is trading above resistance. With support near $0.000425912717007351 and resistance at $0.000531728976754722. This positions FirstCoin out of range and potentially in a volatile position if the rally burns out.

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.