Fantom (FTM) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Distributed Software Platform has increased 21.28% to $0.4870143307.
Moderately Volatile
InvestorsObserver gives Fantom a moderate volatility rank of 49, placing it in the bottom 49% of cryptos on the market.
The Volatility Gauge analyzes which means that one day won’t define its volatility rank – a trend will.
FTM’s moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Fantom price is trading above resistance. With support around $0.372257562154503 and resistance near $0.424698890918465. This leaves Fantom out of range and potentially in a volatile position if the rally burns out.
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.
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