NFT (NFT) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Sunday, the Art, Collectibles and Non-Fungible Tokens has added 0.16% to $0.0000005794433805.
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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 tracks 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 paired 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 in a good position going forward. With support at $0.000000566732691737261 and resistance near $0.000000586604355163135. This positions NFT with room to run before facing selling pressures.
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What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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