PotCoin (POT) Falls 0.42%, Underperforms the Crypto Market Tuesday

Tuesday, June 06, 2023 11:22 AM | InvestorsObserver Analysts

PotCoin (POT) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the crypto has lost 42.06% to $0.003867138388.

InvestorsObserver is giving PotCoin a 90 Volatility Rank. Find out what this means to you and get the rest of the rankings on PotCoin!

See Full Report

Highly Volatile

InvestorsObserver gives PotCoin a high volatility rank of 90, placing it in the top 10% of cryptos on the market.

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

PotCoin price is in a good position going forward. With support set at $0.00212925482167723 and resistance at $0.0050086082946402. This leaves PotCoin 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.