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SINOVATE (SIN) is relatively volatile compared to other cryptocurrencies. So far, the cryptocurrency has fallen 48.16% to $0.0004779530868.
highly volatile
investor observer We give SINOVATE a high volatility rank of 86, placing it in the top 14% of cryptocurrencies on the market.
The Volatility Gauge analyzes this to mean that ranks represent recent trends and are not overly affected by sudden spikes (one or two) in volatility. A high volatility reading for the SIN is paired with a low reading for the risk/reward gauge, meaning the coin is relatively volatile and well protected from price manipulation.
SINOVATE’s price will continue to be well positioned. Support is at -0.0000177324730142546 and resistance is at $0.000910606187727902. This gives SINOVATE room to execute before facing selling pressure.
What are coins?
A coin is a cryptocurrency that lives on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, the purposes for which these payments are used range from general use in subclasses of digital money to more specific use in other subclasses.
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