Digitalcoin (DGC), Moderate Volatility and Rising Friday: Is it Time to Cash Out?

Friday, February 04, 2022 05:47 PM | InvestorsObserver Analysts

Digitalcoin (DGC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has advanced 9.9% to $0.006488341012.

InvestorsObserver is giving Digitalcoin a 60 Volatility Rank. Find out what this means to you and get the rest of the rankings on Digitalcoin!

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Moderately Volatile

InvestorsObserver gives Digitalcoin a moderate volatility rank of 60, placing it in the top 40% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. DGC's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Digitalcoin price is trading above resistance. With support around $0.00486437048312256 and resistance near $0.00644404164995978. This positions Digitalcoin 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.