Stellar (XLM) has been relatively less volatile compared to the crypto market. So far Thursday, the Digital Money has gained 1.13% to $0.2111943837.
InvestorsObserver gives Stellar a low volatility rank of 19, placing it in the bottom 19% of cryptos on the market.
The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day.
XLM’s low volatility reading comes 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 well positioned going forward. With support at $0.199709163463759 and resistance around $0.221648828542876. 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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