Streamit Coin (STREAM) Rises 54.64%, Outperforms the Crypto Market Monday

Monday, August 08, 2022 03:00 PM | InvestorsObserver Analysts

Streamit Coin (STREAM) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Monday, the Content has gained 54.64% to $0.000718260983.

InvestorsObserver is giving Streamit Coin a 93 Volatility Rank. Find out what this means to you and get the rest of the rankings on Streamit Coin!

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Highly Volatile

InvestorsObserver gives Streamit Coin a high volatility rank of 93, placing it in the top 7% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. STREAM's high volatility reading pairs 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.

Streamit Coin price is trading above resistance. With support near $0.000381319285621802 and resistance at $0.000624198463298316. This leaves Streamit Coin 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.