NFTify (N1) Rises 5.89%, Outperforms the Crypto Market Tuesday
Tuesday, February 01, 2022 06:10 AM | InvestorsObserver Analysts
NFTify (N1) has been relatively more volatile compared to the crypto market. So far Tuesday, the Art, Collectibles and Non-Fungible Tokens has gained 5.89% to $0.04028923682.
InvestorsObserver is giving NFTify a 99 Volatility Rank. Find out what this means to you and get the rest of the rankings on NFTify!
InvestorsObserver gives NFTify a high volatility rank of 99, placing it in the top 1% 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.
N1'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.
NFTify price is trading above resistance. With support near $0.0367098521908599 and resistance set at $0.0401296612342674. This leaves NFTify 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.
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter
