Zcash (ZEC) Rises 9.11%, Outperforms the Crypto Market Thursday

Thursday, August 11, 2022 07:03 AM | InvestorsObserver Analysts

Zcash (ZEC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Digital Money has added 9.11% to $80.08.

InvestorsObserver is giving Zcash a 40 Volatility Rank. Find out what this means to you and get the rest of the rankings on Zcash!

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Moderately Volatile

InvestorsObserver gives Zcash a moderate volatility rank of 40, placing it in the bottom 40% of cryptos on the market.

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

Zcash price is trading above resistance. With support at $71.01 and resistance set at $77.81. This positions Zcash 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.