Bitcoin Cash (BCH) has been relatively less volatile compared to the crypto market. So far Friday, the Digital Money has added 1.1% to $123.31.
Low Volatility
InvestorsObserver gives Bitcoin Cash a low volatility rank of 17, placing it in the bottom 17% of cryptos on the market.
The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day.
BCH’s low volatility reading pairs 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 above resistance. With support at $119.88 and resistance near $123.14. This leaves Bitcoin Cash 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.
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