Stellar (XLM) has been relatively less volatile compared to the crypto market. So far Wednesday, the Digital Money has declined 2.23% to $0.1931401214.
Low Volatility
InvestorsObserver gives Stellar a low volatility rank of 16, placing it in the bottom 16% of cryptos on the market.
The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day.
XLM’s low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Stellar price is in a good position going forward. With support set at $0.187725008392075 and resistance at $0.196174875759819. This positions Stellar 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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