ReddCoin (RDD) Rises 55.46%, Outperforms the Crypto Market Monday

Monday, August 29, 2022 02:23 PM | InvestorsObserver Analysts

ReddCoin (RDD) has been relatively more volatile when compared to other cryptocurrencies. So far Monday, the Content has increased 55.46% to $0.0003110119041.

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

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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 tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. RDD's high volatility reading comes 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 trading above resistance. With support around $0.000157883932834416 and resistance around $0.000280630327315926. This leaves ReddCoin 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.