VeChain (VET) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has gained 1.25% to $0.02981975931.
Moderately Volatile
InvestorsObserver gives VeChain a moderate volatility rank of 43, placing it in the bottom 43% of cryptos on the market.
The Volatility Gauge follows this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
VET’s moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
VeChain price is trading near resistance. With support near $0.0288343410215694 and resistance around $0.0299190524242241. This leaves VeChain 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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