ZumCoin (FOR HIM) has been relatively less volatile compared to other cryptocurrencies. So far on Friday, the cryptocurrency has advanced 0.38% to $0.00004420550768.
Low volatility
InvestorsObserver gives ZumCoin a low volatility rank of 11, putting it in the bottom 11% of cryptocurrencies on the market.
The volatility indicator takes into account which means that someday it will not define your volatility range, but a trend. ZUM's low volatility reading is combined with a low reading on the risk/reward indicator, meaning the coin has relatively narrow price swings and is well protected from price manipulation.
ZumCoin price is in a favorable position going forward. With support set at 0.0000430036815886559 and resistance set at 0.0000447754027335612. This positions ZumCoin 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 of those payments can vary from general use in the Digital Money subclass to more specific uses in some other subclasses.
