Bitcoin Confidential (BC) has been relatively more volatile compared to the crypto market. So far Sunday, the crypto has declined 55.19% to $0.00001282370244.
Highly Volatile
InvestorsObserver gives Bitcoin Confidential a high volatility rank of 99, placing it in the top 1% of cryptos on the market.
The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day.
BC’s high volatility reading is coupled 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.
Bitcoin Confidential price is well positioned going forward. With support around $0.00000326306598771573 and resistance at $0.0000216038279137991. This leaves Bitcoin Confidential 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.
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