HeroFi (HEROEGG) has been relatively more volatile when compared to other cryptocurrencies. So far Saturday, the crypto has declined 67% to $0.0005939754492.
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Highly Volatile
InvestorsObserver gives HeroFi a high volatility rank of 96, placing it in the top 4% of cryptos on the market.
The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. HEROEGG’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.
HeroFi price is well positioned going forward. With support set at $0.0000261037473493174 and resistance around $0.00124272051993021. This positions HeroFi 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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