NewYorkCoin (NYC) Up 33.92% Sunday: What's Next?

Sunday, August 14, 2022 10:27 AM | InvestorsObserver Analysts

NewYorkCoin (NYC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Sunday, the Payments/Other has gained 33.92% to $0.000007128039416.

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

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Highly Volatile

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

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. NYC's high volatility reading is paired 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.

NewYorkCoin price is trading above resistance. With support near $0.00000458182734905894 and resistance around $0.00000664747171572562. This positions NewYorkCoin out of range and potentially in a volatile position if the rally burns out.

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.