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RING X PLATFORM (RINGX) Rises 0.83%, Outperforms the Crypto Market Monday

Monday, October 03, 2022 09:19 AM | InvestorsObserver Analysts
RING X PLATFORM (RINGX) Rises 0.83%, Outperforms the Crypto Market Monday

RING X PLATFORM (RINGX) has been relatively more volatile when compared to other cryptocurrencies. So far Monday, the crypto has increased 0.83% to $0.002509749989.

volatility - 97
InvestorsObserver is giving RING X PLATFORM a 97 Volatility Rank. Find out what this means to you and get the rest of the rankings on RING X PLATFORM!

Highly Volatile

InvestorsObserver gives RING X PLATFORM a high volatility rank of 97, placing it in the top 3% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. RINGX'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.

RING X PLATFORM price is trading near resistance. With support near $0.00246412748710909 and resistance at $0.00251609691658714. This positions RING X PLATFORM with potential selling pressures ahead as it may be getting over extended.

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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