Bitblocks (BBK) has been relatively more volatile compared to other cryptocurrencies. So far Thursday, the crypto has lost 51.05% to $0.0004289630198.
Investors Bitblocks gives a high volatility rating of 91, which puts it in the top 9% of cryptocurrencies in the market.
It follows the volatility meter which means that one day it will not determine its own volatility rating – it will determine the trend. A high volatility reading for BBK is coupled with a low risk/reward reading, which means that the currency has relatively wide price swings and is well protected from price gouging.
Bitblocks price is positioned positively from now on. With support near $0.000178615736237543 and resistance at $0.00063603324715309. This leaves Bitblocks with room to run before facing the pressure of selling.
What is the currency?
A coin is a cryptocurrency that resides in its own blockchain. These are commonly used for payments. Depending on the cryptocurrency, the use of these payments may vary from general use in the digital money sub-category to more specific uses in some other sub-category.