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Monero Classic (XMC) Rises 50.69%, Outperforms the Crypto Market Sunday

Sunday, December 26, 2021 01:49 PM | InvestorsObserver Analysts
Monero Classic (XMC) Rises 50.69%, Outperforms the Crypto Market Sunday

Monero Classic (XMC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has added 50.69% to $0.2061093787.

volatility - 25
InvestorsObserver is giving Monero Classic a 25 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero Classic!

Moderately Volatile

InvestorsObserver gives Monero Classic a moderate volatility rank of 25, placing it in the bottom 25% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. XMC'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.

Monero Classic price is trading above resistance. With support around $0.108358197622481 and resistance at $0.190220960192862. This positions Monero Classic 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.

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