Nyancoin (NYAN) Falls 0.57%, Underperforms the Crypto Market Saturday

Saturday, October 08, 2022 11:57 AM | InvestorsObserver Analysts

Nyancoin (NYAN) has been relatively more volatile when compared to other cryptocurrencies. So far Saturday, the crypto has lost 57.14% to $0.002400303771.

InvestorsObserver is giving Nyancoin a 81 Volatility Rank. Find out what this means to you and get the rest of the rankings on Nyancoin!

See Full Report

Highly Volatile

InvestorsObserver gives Nyancoin a high volatility rank of 81, placing it in the top 19% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. NYAN's high volatility reading is coupled 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.

Nyancoin price is in a favorable position going forward. With support around $0.00075136822865687 and resistance set at $0.0039524035456904. This positions Nyancoin 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.