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Degenerator Meme (MEME) Rises 19.01%, Outperforms the Crypto Market Saturday

Saturday, May 06, 2023 06:16 PM | InvestorsObserver Analysts
Degenerator Meme (MEME) Rises 19.01%, Outperforms the Crypto Market Saturday

Degenerator Meme (MEME) has been relatively more volatile when compared to other cryptocurrencies. So far Saturday, the Art, Collectibles and Non-Fungible Tokens has gained 19.01% to $53.6.

volatility - 80
InvestorsObserver is giving Degenerator Meme a 80 Volatility Rank. Find out what this means to you and get the rest of the rankings on Degenerator Meme!

Highly Volatile

InvestorsObserver gives Degenerator Meme a high volatility rank of 80, placing it in the top 20% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. MEME's high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

Degenerator Meme price is trading near resistance. With support set at $40.39 and resistance set at $54.3. This positions Degenerator Meme with potential selling pressures ahead as it may be getting over extended.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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