Ritocoin (RITO) Up 50.83% Tuesday: What's Next?

Tuesday, January 25, 2022 04:41 PM | InvestorsObserver Analysts

Ritocoin (RITO) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the crypto has increased 50.83% to $0.000111628413.

InvestorsObserver is giving Ritocoin a 82 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ritocoin!

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Highly Volatile

InvestorsObserver gives Ritocoin a high volatility rank of 82, placing it in the top 18% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. RITO's high volatility reading comes 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.

Ritocoin price is trading above resistance. With support at $0.0000668603857723745 and resistance around $0.0000870881154644984. This leaves Ritocoin 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.