Bitcoin Cash (BCH) has been relatively less volatile compared to the crypto market. So far Wednesday, the Digital Money has declined 0.98% to $429.19.
Low Volatility
InvestorsObserver gives Bitcoin Cash a low volatility rank of 9, placing it in the bottom 9% of cryptos on the market.
The Volatility Gauge tracks the previous 60 days, meaning that one day won’t make or break the score.
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 favorably positioned going forward. With support around $415.88 and resistance set at $437.92. This leaves Bitcoin Cash 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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