Zetacoin (ZET) Up 0.43% Wednesday: What's Next?

Wednesday, February 02, 2022 07:20 AM | InvestorsObserver Analysts

Zetacoin (ZET) has been relatively less volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has increased 0.43% to $0.00115952202.

InvestorsObserver is giving Zetacoin a 11 Volatility Rank. Find out what this means to you and get the rest of the rankings on Zetacoin!

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Low Volatility

InvestorsObserver gives Zetacoin a low volatility rank of 11, placing it in the bottom 11% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. ZET's low volatility reading is paired 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.

Zetacoin price is well positioned going forward. With support set at $0.00114082686639916 and resistance around $0.00117087098341029. This leaves Zetacoin 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.