Bitcoin Cash (BCH) has been relatively less volatile when compared to other cryptocurrencies. So far Sunday, the Digital Money has lost 1.72% to $288.85.
Low Volatility
InvestorsObserver gives Bitcoin Cash a low volatility rank of 13, placing it in the bottom 13% 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 comes 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 trading near resistance. With support at $281.42 and resistance at $290.73. This positions Bitcoin Cash with potential selling pressures ahead as it may be getting over extended.
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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