Deutsche eMark (DEM) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Thursday, the crypto has advanced 1.19% to $0.002524886789.
Highly Volatile
InvestorsObserver gives Deutsche eMark a high volatility rank of 92, placing it in the top 8% 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.
DEM’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.
Deutsche eMark price is in a good position going forward. With support around $0.00244420604562644 and resistance near $0.00256696111304942. This leaves Deutsche eMark 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.
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