Netrum (NTR) Rises 66.64%, Outperforms the Crypto Market Thursday

Thursday, December 16, 2021 02:21 PM | InvestorsObserver Analysts

Netrum (NTR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has advanced 66.64% to $0.01693730927.

InvestorsObserver is giving Netrum a 39 Volatility Rank. Find out what this means to you and get the rest of the rankings on Netrum!

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Moderately Volatile

InvestorsObserver gives Netrum a moderate volatility rank of 39, placing it in the bottom 39% of cryptos on the market.

The Volatility Gauge follows the previous 60 days, meaning that one day won't make or break the score. NTR's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Netrum price is trading above resistance. With support around $0.00790129885931161 and resistance set at $0.0141954320009485. This leaves Netrum 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.