NFT (NFT) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Monday, the Art, Collectibles and Non-Fungible Tokens has increased 12.81% to $0.0000007361897849.
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Highly Volatile
InvestorsObserver gives NFT a high volatility rank of 100, placing it in the top 0% of cryptos on the market.
The Volatility Gauge takes into account this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility. NFT’s high volatility reading is coupled 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.
NFT price is trading above resistance. With support set at $0.00000064313957434051 and resistance near $0.000000659574882565992. 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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