ChatCoin (CHAT) has been relatively more volatile when compared to other cryptocurrencies. So far Thursday, the crypto has declined 33.08% to $0.00007392357294.
Highly Volatile
InvestorsObserver gives ChatCoin a high volatility rank of 94, placing it in the top 6% 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.
CHAT’s high volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.
ChatCoin price is favorably positioned going forward. With support set at $0.0000243620859996437 and resistance near $0.000135498264020032. This leaves ChatCoin with room to run before facing selling pressures.
What is a Coin?
A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.
