NFT (NFT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Art, Collectibles and Non-Fungible Tokens has added 51.96% to $0.01980068912.
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Moderately Volatile
InvestorsObserver gives NFT a moderate volatility rank of 67, placing it in the top 33% of cryptos on the market.
The Volatility Gauge tracks which means that one day won’t define its volatility rank – a trend will. NFT’s moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.
NFT price is trading above resistance. With support set at $0.0110545026348439 and resistance near $0.0169501275034157. This positions NFT out of range and potentially in a volatile position if the rally burns out.
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What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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