Bitcoin Plus (XBC) has been relatively more volatile when compared to other cryptocurrencies. So far Monday, the Digital Money has increased 32.58% to $4.98.
InvestorsObserver gives Bitcoin Plus a high volatility rank of 94, placing it in the top 6% of cryptos on the market.
The Volatility Gauge follows meaning that one day won’t make or break its rank.
XBC’s high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.
Bitcoin Plus price is trading near resistance. With support near $2.87 and resistance at $5.08. This leaves Bitcoin Plus 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.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.