VoteCoin (VOT) Rises 1.84%, Underperforms the Crypto Market Tuesday

Tuesday, January 11, 2022 10:01 AM | InvestorsObserver Analysts

VoteCoin (VOT) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the crypto has advanced 1.84% to $0.0004158998783.

InvestorsObserver is giving VoteCoin a 5 Volatility Rank. Find out what this means to you and get the rest of the rankings on VoteCoin!

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Low Volatility

InvestorsObserver gives VoteCoin a low volatility rank of 5, placing it in the bottom 5% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. VOT's low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

VoteCoin price is trading near resistance. With support at $0.000396902581870316 and resistance around $0.000420931722929461. This leaves VoteCoin with potential selling pressures ahead as it may be getting over extended.

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.