VeChain (VET) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has fallen 1.87% to $0.07183986314.
Moderately Volatile
InvestorsObserver gives VeChain a moderate volatility rank of 34, placing it in the bottom 34% of cryptos on the market.
The Volatility Gauge follows which means that one day won’t define its volatility rank – a trend will.
VET’s moderate volatility reading pairs 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 in a favorable position going forward. With support near $0.0671717065818179 and resistance around $0.0773064631469119. This positions VeChain 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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