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Wrapped Bitcoin (WBTC) Rises 0.15%, Underperforms the Crypto Market Thursday

Thursday, January 20, 2022 07:17 AM | InvestorsObserver Analysts
Wrapped Bitcoin (WBTC) Rises 0.15%, Underperforms the Crypto Market Thursday

Wrapped Bitcoin (WBTC) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Wrapped Tokens has advanced 0.15% to $42030.4.

volatility - 4
InvestorsObserver is giving Wrapped Bitcoin a 4 Volatility Rank. Find out what this means to you and get the rest of the rankings on Wrapped Bitcoin!

Low Volatility

InvestorsObserver gives Wrapped Bitcoin a low volatility rank of 4, placing it in the bottom 4% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. WBTC's low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.

Wrapped Bitcoin price is favorably positioned going forward. With support around $41365.85 and resistance set at $42478.69. This leaves Wrapped Bitcoin with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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