Bitcoin Cash (BCH) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Digital Money has lost 2.56% to $287.8.
Low Volatility
InvestorsObserver gives Bitcoin Cash a low volatility rank of 11, placing it in the bottom 11% of cryptos on the market.
The Volatility Gauge takes into account meaning that one day won’t make or break its rank.
BCH’s low volatility reading is coupled 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.
Bitcoin Cash price is favorably positioned going forward. With support around $278.1 and resistance near $293.75. This leaves Bitcoin Cash 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.
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