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ReddCoin (RDD) Falls 0.42%, Underperforms the Crypto Market Friday

Friday, August 12, 2022 04:37 PM | InvestorsObserver Analysts
ReddCoin (RDD) Falls 0.42%, Underperforms the Crypto Market Friday

ReddCoin (RDD) has been relatively more volatile when compared to other cryptocurrencies. So far Friday, the Content has dropped 42.01% to $0.0003489471713.

volatility - 95
InvestorsObserver is giving ReddCoin a 95 Volatility Rank. Find out what this means to you and get the rest of the rankings on ReddCoin!

Highly Volatile

InvestorsObserver gives ReddCoin a high volatility rank of 95, placing it in the top 5% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won't make or break its rank. RDD's high volatility reading is paired 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.

ReddCoin price is favorably positioned going forward. With support at $0.000154621893958006 and resistance set at $0.000527851831353087. This positions ReddCoin 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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