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DigixDAO (DGD) Down 0.49% Saturday: What's Next?

Saturday, June 04, 2022 06:49 AM | InvestorsObserver Analysts
DigixDAO (DGD) Down 0.49% Saturday: What's Next?

DigixDAO (DGD) has been relatively more volatile compared to the crypto market. So far Saturday, the Stablecoins has lost 48.65% to $159.42.

volatility - 95
InvestorsObserver is giving DigixDAO a 95 Volatility Rank. Find out what this means to you and get the rest of the rankings on DigixDAO!

Highly Volatile

InvestorsObserver gives DigixDAO a high volatility rank of 95, placing it in the top 5% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. DGD's high volatility reading is paired 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.

DigixDAO price is in a favorable position going forward. With support around $36.06 and resistance near $263.98. This leaves DigixDAO with room to run before facing selling pressures.

What is a Token?

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

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