Deutsche eMark (DEM) Falls 0.22%, Underperforms the Crypto Market Wednesday

Wednesday, September 28, 2022 05:42 PM | InvestorsObserver Analysts

Deutsche eMark (DEM) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has lost 22.45% to $0.0005903177536.

InvestorsObserver is giving Deutsche eMark a 64 Volatility Rank. Find out what this means to you and get the rest of the rankings on Deutsche eMark!

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Moderately Volatile

InvestorsObserver gives Deutsche eMark a moderate volatility rank of 64, placing it in the top 36% of cryptos on the market.

The Volatility Gauge tracks 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 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.

Deutsche eMark price is favorably positioned going forward. With support near $0.000444514842714737 and resistance set at $0.000642626828524839. This positions 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.