Deutsche eMark (DEM) Rises 0.37%, Underperforms the Crypto Market Tuesday

Tuesday, September 19, 2023 12:47 PM | InvestorsObserver Analysts

Deutsche eMark (DEM) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has increased 0.37% to $0.002187665604.

InvestorsObserver is giving Deutsche eMark a 32 Volatility Rank. Find out what this means to you and get the rest of the rankings on Deutsche eMark!

Moderately Volatile

InvestorsObserver gives Deutsche eMark a moderate volatility rank of 32, placing it in the bottom 32% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. DEM's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Deutsche eMark price is in a good position going forward. With support around $0.0021321195111225 and resistance set at $0.00220940950592855. This leaves Deutsche eMark 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.

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