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DigixDAO (DGD) Falls 0.48%, Underperforms the Crypto Market Tuesday

Tuesday, August 02, 2022 11:54 AM | InvestorsObserver Analysts
DigixDAO (DGD) Falls 0.48%, Underperforms the Crypto Market Tuesday

DigixDAO (DGD) has been relatively more volatile compared to the crypto market. So far Tuesday, the Stablecoins has declined 47.51% to $129.49.

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 takes into account this makes its score defined by recent trends, rather than a bad day. DGD'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.

DigixDAO price is well positioned going forward. With support around $71.91 and resistance set at $175.84. 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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