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FYDcoin (FYD) Rises 0.39%, Outperforms the Crypto Market Monday

Monday, August 01, 2022 06:51 PM | InvestorsObserver Analysts
FYDcoin (FYD) Rises 0.39%, Outperforms the Crypto Market Monday

FYDcoin (FYD) has been relatively more volatile when compared to other cryptocurrencies. So far Monday, the Digital Money has gained 0.39% to $0.001154353695.

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

Highly Volatile

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

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

FYDcoin price is in a good position going forward. With support set at $0.00113584654253913 and resistance around $0.00117703474906279. This leaves FYDcoin 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.

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