Freicoin (FRC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has dropped 1.91% to $0.003033324474.
InvestorsObserver gives Freicoin a moderate volatility rank of 71, placing it in the top 29% of cryptos on the market.
The Volatility Gauge tracks this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
FRC’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.
Freicoin price is in a favorable position going forward. With support near $0.00289763754421213 and resistance around $0.00319597858191767. This positions Freicoin 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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