Nasdacoin (NSD) Falls 0.34%, Underperforms the Crypto Market Sunday

Sunday, March 06, 2022 01:55 PM | InvestorsObserver Analysts

Nasdacoin (NSD) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Sunday, the crypto has dropped 33.61% to $0.001573917176.

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

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Highly Volatile

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

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. NSD's high volatility reading is coupled 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.

Nasdacoin price is well positioned going forward. With support around $0.00115338002810821 and resistance at $0.00178873946438179. This leaves Nasdacoin 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.