layer coin (LAYER) has been relatively more volatile compared to other cryptocurrencies. So far on Monday, the crypto has gained 24.7% to $0.4453419002.
highly volatile
InvestorsObserver gives CloakCoin a high volatility range of 93, putting it in the top 7% of cryptocurrencies on the market.
The volatility indicator follows, which means that a day will not define your volatility range, it will be a trend. The high volatility reading on CLOAK is combined with a low reading on the risk/reward indicator, which means that the coin has relatively wide price fluctuations and is well protected against price manipulation.
CloakCoin price is trading above resistance. With support near $0.3245039495567 and resistance near $0.387470415506712. This puts CloakCoin out of range and potentially in a volatile position if the rally peters out.
What is a coin?
A coin is a cryptocurrency that exists on its own blockchain. these are normally used for payments. Depending on the cryptocurrency, the use made of those payments can vary from general use in the digital money subclass to more specific uses in some other subclasses.
