Polkadot (DOT) Rises 2.06%, Outperforms the Crypto Market Wednesday

Polkadot (DOT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Distributed Software Platform has gained 2.06% to $19.02.

Moderately Volatile

InvestorsObserver gives Polkadot a moderate volatility rank of 27, placing it in the bottom 27% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won’t make or break its rank.

DOT’s moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Polkadot price With support at $18.16 and resistance near $19.02. This positions Polkadot

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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