PLATINCOIN (PLC) Rises 57.77%, Outperforms the Crypto Market Saturday

Saturday, January 29, 2022 11:21 AM | InvestorsObserver Analysts

PLATINCOIN (PLC) has been relatively more volatile when compared to other cryptocurrencies. So far Saturday, the Digital Money has gained 57.77% to $0.9505615131.

InvestorsObserver is giving PLATINCOIN a 87 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 87, placing it in the top 13% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. PLC's high volatility reading is paired 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 trading above resistance. With support set at $0.551815312543856 and resistance set at $0.65906248633002. This leaves PLATINCOIN out of range and potentially in a volatile position if the rally burns out.

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.