TokenPay (TPAY) Rises 1.03%, Outperforms the Crypto Market Sunday

Sunday, May 29, 2022 07:15 AM | InvestorsObserver Analysts

TokenPay (TPAY) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has added 1.03% to $0.002039342753.

InvestorsObserver is giving TokenPay a 61 Volatility Rank. Find out what this means to you and get the rest of the rankings on TokenPay!

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Moderately Volatile

InvestorsObserver gives TokenPay a moderate volatility rank of 61, placing it in the top 39% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. TPAY's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

TokenPay price is trading above resistance. With support at $0.0020058998542689 and resistance at $0.00202412327591704. This positions TokenPay 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.