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Nitro Network (NCash) Falls 0.05%, Underperforms the Crypto Market Wednesday | CPT PPP Coverage

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Nitro Network (NCash) Falls 0.05%, Underperforms the Crypto Market Wednesday appeared on www.investorsobserver.com by InvestorsObserver.

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Wednesday, October 18, 2023 01:06 PM | InvestorsObserver Analysts

Nitro Network (NCash) has been relatively more volatile compared to the crypto market. So far Wednesday, the crypto has dropped 5.28% to $0.000004906421564.

volatility - 99
InvestorsObserver is giving Nitro Network a 99 Volatility Rank. Find out what this means to you and get the rest of the rankings on Nitro Network!

Highly Volatile

InvestorsObserver gives Nitro Network a high volatility rank of 99, placing it in the top 1% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won’t make or break its rank.

NCash’s high volatility reading pairs 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.

Nitro Network price is in a good position going forward. With support near $0.00000296871671635303 and resistance at $0.0000083655896098236. This leaves Nitro Network with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency’s blockchain.

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