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.
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.
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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