Yocoin (YOC) Falls 0.36%, Underperforms the Crypto Market Thursday

Thursday, December 09, 2021 06:24 PM | InvestorsObserver Analysts

Yocoin (YOC) has been relatively more volatile compared to the crypto market. So far Thursday, the crypto has lost 36.31% to $0.0000964404944.

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

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Highly Volatile

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

The Volatility Gauge tracks the previous 60 days, meaning that one day won't make or break the score. YOC's high volatility reading pairs 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.

Yocoin price is favorably positioned going forward. With support around $0.0000612883783309618 and resistance set at $0.000116456929956646. This leaves Yocoin 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.