ZumCoin (ZUM) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has gained 417.16% to $0.0002118353876.
Highly Volatile
InvestorsObserver gives ZumCoin a high volatility rank of 97, placing it in the top 3% of cryptos on the market.
The Volatility Gauge tracks meaning that one day won’t make or break its rank.
ZUM’s high volatility reading is paired 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.
ZumCoin price is trading above resistance. With support around $-0.0000160924279964264 and resistance at $0.00015499267856174. This positions ZumCoin out of range and potentially in a volatile position if the rally burns out.
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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