ZumCoin (ZUM) Falls 0.58%, Underperforms the Crypto Market Saturday

Saturday, December 04, 2021 09:32 AM | InvestorsObserver Analysts

ZumCoin (ZUM) has been relatively more volatile when compared to other cryptocurrencies. So far Saturday, the crypto has lost 57.7% to $0.0004756182853, reaching a five-day high.

InvestorsObserver is giving ZumCoin a 91 Volatility Rank. Find out what this means to you and get the rest of the rankings on ZumCoin!

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Highly Volatile

InvestorsObserver gives ZumCoin a high volatility rank of 91, placing it in the top 9% of cryptos on the market. The Volatility Gauge tracks the previous 60 days, meaning that one day won't make or break the score. ZUM's high volatility reading is coupled 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. ZumCoin price is favorably positioned going forward. With support around $0.000195572036508456 and resistance set at $0.000773311301790164. This leaves ZumCoin 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.