Internet Computer (ICP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the Smart Contracts has added 12.51% to $4.96.
Moderately Volatile
InvestorsObserver gives Internet Computer a moderate volatility rank of 35, placing it in the bottom 35% of cryptos on the market.
The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day.
ICP’s moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.
Internet Computer price is trading above resistance. With support at $4.3 and resistance set at $4.58. This leaves Internet Computer out of range and potentially in a volatile position if the rally burns out.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You’re all set to receive the Morning Update newsletter
