The NFT Index (NFTI) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Art, Collectibles and Non-Fungible Tokens has increased 4.96% to $ 449.24.
Moderately Volatile
InvestorsObserver gives the NFT Index a moderate volatility rank of 33, placing it in the bottom 33% of cryptos on the market.
The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. NFTI’s moderate volatility reading comes with a low reading on the Risk / Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.
NFT Index price is trading near resistance. With support around $ 390.12 and resistance around $ 465.22. This leaves NFT Index with potential selling pressures ahead as it may be getting over extended.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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