Goldcoin (GLC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the crypto has increased 18.03% to $0.0113802034.
InvestorsObservergives Goldcoin a high volatility rank of 79, placing it in the top 21% of cryptos on the market.
The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day.
GLC’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.
Goldcoin price is trading above resistance. With support at $0.00771717973552503 and resistance set at $0.0112457407129542. This leaves Goldcoin 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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