Nasdacoin (NSD) Rises 550.97%, Outperforms the Crypto Market Tuesday

Tuesday, June 07, 2022 05:58 PM | InvestorsObserver Analysts

Nasdacoin (NSD) has been relatively more volatile compared to the crypto market. So far Tuesday, the crypto has added 550.97% to $0.001418458804.

InvestorsObserver is giving Nasdacoin a 97 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 97, placing it in the top 3% of cryptos on the market.

The Volatility Gauge takes into account 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 trading above resistance. With support around $-0.000228452185417895 and resistance around $0.00107746472871639. This positions Nasdacoin 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.