Feathercoin Hit Hard By Recent Volatility, Underperforms in 2014

Feathercoin (FTC) has not been taking well to the latest round of Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term hitting Altcoins Altcoins Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception there have been countless cryptos launched. Many of these have met varying levels of success, though several have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There presently exist over 5,000 altcoins and this number seemingly grows constantly. The paramount altcoins as of May 2020 are Ethereum and Ripple.In terms of struct Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception there have been countless cryptos launched. Many of these have met varying levels of success, though several have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There presently exist over 5,000 altcoins and this number seemingly grows constantly. The paramount altcoins as of May 2020 are Ethereum and Ripple.In terms of struct Read this Term.

While its peers like Nextcoin (NXT) and Dogecoin (DOGE) have also come down over the past few days, their descents looked more like corrections as they were preceded by . Feathercoin, on the other hand, experienced no initial pop and has been in near constant decline in 2014 vs BTC, losing 26% year-to-date and 41% from its peak early on.

Against USD, it barely budged during its upswing and finished with 0% net gain during the latest round of volatility, again, unlike its peers.

Is now trading at around 0.34 mBTC ($0.32) on BTC-e.

The continued decline follows its , which it indeed broke. The next line of support is 0.2 mBTC. Due to the slow rate of decline, it may take some time to reach this point, leaving plenty of time in the interim to turn things around.

The cause for FTC's deterioration is still unclear, but it may be a simple case of the flight of digital money to the most popular cryptos of late. Frustrated traders are going so far as to even speculate about BTC-e fixing prices.

Its combined decline and lopsided underperformance relative to other alts have sent FTC lower in market cap rank, now sitting at 14th. FTC's market cap is currently $9M.