Internet Computer (ICP) volatility is relatively average compared to other cryptocurrencies. As of Thursday, the art, collectibles and non-fungible token had fallen 8.5% to $17.73.
Medium volatility
investor observer Internet Computer has a moderate volatility ranking of 41, which puts it in the bottom 41% of cryptocurrencies on the market.
The volatility indicator takes into account the implications that one day does not determine its ranking. ICP’s moderate volatility reading coupled with lower readings on the risk/reward metric means that the coin has moderate price volatility and is well protected from price manipulation.
Internet computer prices are well positioned going forward. Support is at $16.1 and resistance is at $18.74. This gives Internet computers room to run before facing selling pressure.
What is a token?
Tokens are digital assets that exist on the blockchain of another cryptocurrency.