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Kaspa (KAS) Rises 0.3%, Underperforms the Crypto Market Friday

Friday, March 01, 2024 02:14 PM | InvestorsObserver Analysts
Kaspa (KAS) Rises 0.3%, Underperforms the Crypto Market Friday

Kaspa (KAS) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Digital Money has advanced 0.3% to $0.1730046148.

volatility - 40
InvestorsObserver is giving Kaspa a 40 Volatility Rank. Find out what this means to you and get the rest of the rankings on Kaspa!

Moderately Volatile

InvestorsObserver gives Kaspa a moderate volatility rank of 40, placing it in the bottom 40% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. KAS'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.

Kaspa price is well positioned going forward. With support near $0.167016520238788 and resistance at $0.18035915408221. This leaves Kaspa with room to run before facing selling pressures.

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.

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