MicroBitcoin (MBC), High Volatility and Rising Tuesday: Is it Time to Cash Out?

Tuesday, January 25, 2022 12:30 PM | InvestorsObserver Analysts

MicroBitcoin (MBC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Digital Money has increased 59.85% to $0.000007995889821.

InvestorsObserver is giving MicroBitcoin a 87 Volatility Rank. Find out what this means to you and get the rest of the rankings on MicroBitcoin!

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Highly Volatile

InvestorsObserver gives MicroBitcoin a high volatility rank of 87, placing it in the top 13% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. MBC'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.

MicroBitcoin price is trading near resistance. With support at $0.00000290016383718071 and resistance set at $0.00000920538001213176. This leaves MicroBitcoin 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.