PLATINCOIN (PLC) Down 0.24% Wednesday: What's Next?

Wednesday, January 12, 2022 07:46 AM | InvestorsObserver Analysts

PLATINCOIN (PLC) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the Digital Money has dropped 23.85% to $1.01.

InvestorsObserver is giving PLATINCOIN a 84 Volatility Rank. Find out what this means to you and get the rest of the rankings on PLATINCOIN!

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Highly Volatile

InvestorsObserver gives PLATINCOIN a high volatility rank of 84, placing it in the top 16% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. PLC'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.

PLATINCOIN price is favorably positioned going forward. With support at $0.706480251701631 and resistance near $1.24. This leaves PLATINCOIN 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.