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Datacoin (DTC) Rises 5.01%, Underperforms the Crypto Market Monday

Monday, May 30, 2022 06:20 AM | InvestorsObserver Analysts
Datacoin (DTC) Rises 5.01%, Underperforms the Crypto Market Monday

Datacoin (DTC) has been relatively less volatile when compared to other cryptocurrencies. So far Monday, the crypto has advanced 5.01% to $0.0003061400271.

volatility - 11
InvestorsObserver is giving Datacoin a 11 Volatility Rank. Find out what this means to you and get the rest of the rankings on Datacoin!

Low Volatility

InvestorsObserver gives Datacoin a low volatility rank of 11, placing it in the bottom 11% of cryptos on the market.

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

Datacoin price is trading above resistance. With support around $0.00028830345932823 and resistance set at $0.000294872484900619. This leaves Datacoin 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.

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