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NFT (NFT) Up 12.81% Monday: What's Next?

Monday, August 08, 2022 09:30 AM | InvestorsObserver Analysts
NFT (NFT) Up 12.81% Monday: What's Next?

NFT (NFT) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Monday, the Art, Collectibles and Non-Fungible Tokens has increased 12.81% to $0.0000007361897849.

volatility - 100
InvestorsObserver is giving NFT a 100 Volatility Rank. Find out what this means to you and get the rest of the rankings on NFT!

Highly Volatile

InvestorsObserver gives NFT a high volatility rank of 100, placing it in the top 0% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. NFT'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.

NFT price is trading above resistance. With support set at $0.00000064313957434051 and resistance near $0.000000659574882565992. This positions NFT 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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