Stellar (XLM) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Digital Money has declined 1.37% to $0.237629803.
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 meaning that one day won’t make or break its rank.
XLM’s low volatility reading pairs 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 favorable position going forward. With support around $0.23186716915226 and resistance around $0.240192269097328. This leaves 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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