DigiByte (DGB) Rises 22.53%, Outperforms the Crypto Market Sunday

Sunday, March 27, 2022 03:25 PM | InvestorsObserver Analysts

DigiByte (DGB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Digital Money has increased 22.53% to $0.02900028757.

InvestorsObserver is giving DigiByte a 29 Volatility Rank. Find out what this means to you and get the rest of the rankings on DigiByte!

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Moderately Volatile

InvestorsObserver gives DigiByte a moderate volatility rank of 29, placing it in the bottom 29% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. 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 near $0.0230753835403895 and resistance around $0.0243032466733431. 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.