BNB (Binance Coin) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the Payments/Other has gained 0.82% to $422.58.
Low Volatility
InvestorsObserver gives BNB a low volatility rank of 12, placing it in the bottom 12% of cryptos on the market.
The Volatility Gauge follows meaning that one day won’t make or break its rank. BNB’s low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
BNB price is favorably positioned going forward. With support near $402.78 and resistance set at $439.9. This leaves BNB with room to run before facing selling pressures.
What is a Coin?
A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.