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Pinkcoin (PINK) Falls 0.33%, Underperforms the Crypto Market Thursday

Thursday, December 23, 2021 11:55 AM | InvestorsObserver Analysts
Pinkcoin (PINK) Falls 0.33%, Underperforms the Crypto Market Thursday

Pinkcoin (PINK) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has lost 33.03% to $0.0009803115653.

volatility - 72
InvestorsObserver is giving Pinkcoin a 72 Volatility Rank. Find out what this means to you and get the rest of the rankings on Pinkcoin!

Moderately Volatile

InvestorsObserver gives Pinkcoin a moderate volatility rank of 72, placing it in the top 28% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won't make or break its rank. PINK's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Pinkcoin price is in a favorable position going forward. With support at $0.00079284864027388 and resistance at $0.00133491330329664. This positions Pinkcoin 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.

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