Wrapped Bitcoin (WBTC) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Wrapped Tokens has advanced 0.15% to $42030.4.
InvestorsObserver gives Wrapped Bitcoin a low volatility rank of 4, placing it in the bottom 4% of cryptos on the market.
The Volatility Gauge tracks meaning that one day won’t make or break its rank.
WBTC’s low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.
Wrapped Bitcoin price is favorably positioned going forward. With support around $41365.85 and resistance set at $42478.69. This leaves Wrapped Bitcoin with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.