Zenon (ZNN) Down 0.5% Monday: What's Next?

Monday, March 27, 2023 08:00 PM | InvestorsObserver Analysts

Zenon (ZNN) has been relatively more volatile compared to the crypto market. So far Monday, the crypto has declined 49.73% to $1.2.

InvestorsObserver is giving Zenon a 81 Volatility Rank. Find out what this means to you and get the rest of the rankings on Zenon!

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Highly Volatile

InvestorsObserver gives Zenon a high volatility rank of 81, placing it in the top 19% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. ZNN'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.

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.