Moles (SPOT) has been relatively average in terms of volatility compared to other cryptocurrencies. So far on Friday, the Distributed Software Platform has lost 2.86% to $5.46.
moderately volatile
InvestorsObserver gives Polkadot a moderate volatility range of 31, putting it in the bottom 31% of cryptocurrencies on the market.
The volatility indicator takes into account that this causes your score to be defined by recent trends, rather than one bad day. The moderate volatility reading on the DOT is combined with a low reading on the risk/reward indicator, which means that the coin has moderate price swings and is well protected against price manipulation.
Polkadot price is in a favorable position going forward. With support around $5.14 and resistance at $5.63. This positions Polkadot 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 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.
