DigiByte (DGB) Rises 13.85%, Outperforms the Crypto Market Thursday

Thursday, February 22, 2024 06:10 AM | InvestorsObserver Analysts

DigiByte (DGB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Digital Money has added 13.85% to $0.01005613225.

InvestorsObserver is giving DigiByte a 27 Volatility Rank. Find out what this means to you and get the rest of the rankings on DigiByte!

Moderately Volatile

InvestorsObserver gives DigiByte a moderate volatility rank of 27, placing it in the bottom 27% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. DGB's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

DigiByte price is trading above resistance. With support set at $0.00854669780460759 and resistance around $0.00918318879780932. This leaves DigiByte out of range and potentially in a volatile position if the rally burns out.

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.

Share this article: