DeFi Bids (BID) Up 0.21% Wednesday: What’s Next?

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 is giving DeFi Bids a 89 Volatility Rank. Find out what this means to you and get the rest of the rankings on DeFi Bids!

Highly Volatile

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.

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.

Thank you for signing up! You’re all set to receive the Morning Update newsletter

This news is republished from another source. You can check the original article here.

Be the first to comment

Leave a Reply

Your email address will not be published.


*