Minter Network (BIP) Falls 0.47%, Underperforms the Crypto Market Friday

Friday, May 20, 2022 01:03 PM | InvestorsObserver Analysts

Minter Network (BIP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has fallen 47.43% to $0.0008749389459.

InvestorsObserver is giving Minter Network a 69 Volatility Rank. Find out what this means to you and get the rest of the rankings on Minter Network!

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Moderately Volatile

InvestorsObserver gives Minter Network a moderate volatility rank of 69, placing it in the top 31% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. BIP'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.

Minter Network price is well positioned going forward. With support at $0.000408998662586509 and resistance around $0.00122119792036638. This leaves Minter Network 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.