Parachute (PAR) Surges 49.12%, Outperforms Crypto Market on Sunday

Parachute (BY) has been relatively more volatile than the crypto market. So far on Sunday, the payout tokens are up 49.12% to $0.0003392418815.

Very volatile

InvestorsObserver gives Parachute a high volatility ranking of 95, placing it in the top 5% of cryptos in the market.

The Volatility Gauge tracks, which means a day will neither make nor break its rank. The high volatility reading of the PAR is paired with a low reading on the risk/reward gauge, meaning the token has relatively large price swings and is well protected against price manipulation.

Parachute price is trading above resistance. With support pegged at 0.000155094535589838 and resistance near 0.000303344776771651. This puts Parachute out of reach and potentially in a volatile position if the rally fizzles out.

What is a token?

Tokens are digital assets that exist on the blockchain of another cryptocurrency.

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