DeFi Bids (BID) has been relatively more volatile compared to the crypto market. So far Wednesday, the Art, Collectibles and Non-Fungible Tokens has advanced 0.21% to $0.007606049672.
InvestorsObserver gives DeFi Bids a high volatility rank of 89, placing it in the top 11% of cryptos on the market.
The Volatility Gauge analyzes this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
BID’s high volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.
DeFi Bids price is in a good position going forward. With support around $0.00743722017110741 and resistance near $0.00782205895708358. This positions DeFi Bids with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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