Bitzeny (ZNY) has been relatively more volatile than the cryptocurrency market according to a recent market analysis. So far on Friday, the cryptocurrency gained 44.55% to $0.001252184602.
Investors Bitzeny gives a high volatility rating of 81, which puts it on the list of the top 19% of cryptocurrencies in the market.
It tracks the volatility scale which means that one day it won’t make or break its rank. ZNY’s highly volatile reading pairs with a low reading on the risk/reward scale, which means that the currency has relatively wide price swings and is well protected from price manipulation.
Bitzeny price is trading above the resistance level. With support near $0.000714305364357313 and resistance around $0.00115682805871405. This leaves Bitzeny out of range and potentially volatile if the rally stops.
What is the currency?
A coin is a cryptocurrency that is on 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.