DDKoin (DDK) Falls 0.28%, Underperforms the Crypto Market Monday

Monday, August 15, 2022 04:44 PM | InvestorsObserver Analysts

DDKoin (DDK) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Distributed Software Platform has fallen 27.79% to $0.07590469393.

InvestorsObserver is giving DDKoin a 73 Volatility Rank. Find out what this means to you and get the rest of the rankings on DDKoin!

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Moderately Volatile

InvestorsObserver gives DDKoin a moderate volatility rank of 73, placing it in the top 27% of cryptos on the market.

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

DDKoin price is well positioned going forward. With support near $0.0673976964199409 and resistance set at $0.0825635022365913. This leaves DDKoin 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.