Internet Computer (ICP), Moderate Volatility and Falling Saturday: Is it Time to Cash Out?

Saturday, August 20, 2022 06:09 PM | InvestorsObserver Analysts

Internet Computer (ICP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the Distributed Software Platform has lost 2.89% to $6.23.

InvestorsObserver is giving Internet Computer a 46 Volatility Rank. Find out what this means to you and get the rest of the rankings on Internet Computer!

See Full Report

Moderately Volatile

InvestorsObserver gives Internet Computer a moderate volatility rank of 46, placing it in the bottom 46% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. ICP's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Internet Computer price is favorably positioned going forward. With support at $5.95 and resistance at $6.52. This leaves Internet Computer 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.