Dreamcoin (DRM), High Volatility and Rising Thursday: Is it Time to Cash Out?

Thursday, March 03, 2022 11:38 AM | InvestorsObserver Analysts

Dreamcoin (DRM) has been relatively more volatile when compared to other cryptocurrencies. So far Thursday, the crypto has increased 95.8% to $0.01216160417.

InvestorsObserver is giving Dreamcoin a 92 Volatility Rank. Find out what this means to you and get the rest of the rankings on Dreamcoin!

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Highly Volatile

InvestorsObserver gives Dreamcoin a high volatility rank of 92, placing it in the top 8% of cryptos on the market.

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

Dreamcoin price is trading above resistance. With support around $0.00399487410415086 and resistance around $0.0105133269980935. This positions Dreamcoin 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.