ERC20 has been relatively more volatile compared to the crypto market. So far Saturday, the Art, Collectibles and Non-Fungible Tokens has gained 7.23% to $0.0421052257.
InvestorsObserver is giving ERC20a 98 Volatility Rank. Find out what this means to you and get the rest of the rankings onERC20!
Highly Volatile
InvestorsObserver gives ERC20 a high volatility rank of 98, placing it in the top 2% of cryptos on the market.
The Volatility Gauge takes into account meaning that one day won’t make or break its rank. ERC20’s high volatility reading is paired 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.
ERC20 price is in a favorable position going forward. With support around $0.0118177419779445 and resistance around $0.055059865901791. This positions ERC20with room to run before facing selling pressures.
ERC20 What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.