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Moneytoken (IMT) Rises 153.26%, Outperforms the Crypto Market Friday

Friday, May 06, 2022 06:35 AM | InvestorsObserver Analysts
Moneytoken (IMT) Rises 153.26%, Outperforms the Crypto Market Friday

Moneytoken (IMT) has been relatively more volatile when compared to other cryptocurrencies. So far Friday, the crypto has increased 153.26% to $0.0002222213084.

volatility - 95
InvestorsObserver is giving Moneytoken a 95 Volatility Rank. Find out what this means to you and get the rest of the rankings on Moneytoken!

Highly Volatile

InvestorsObserver gives Moneytoken a high volatility rank of 95, placing it in the top 5% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. IMT's high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

Moneytoken price is trading above resistance. With support around $0.0000315434390400771 and resistance set at $0.000193549278269173. This positions Moneytoken out of range and potentially in a volatile position if the rally burns out.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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