LanaCoin (LANA) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Friday, the crypto has dropped 0.44% to $0.0005582123608.
Highly Volatile
InvestorsObservergives LanaCoin a high volatility rank of 94, placing it in the top 6% of cryptos on the market.
The Volatility Gauge takes into account which means that one day won’t define its volatility rank – a trend will.
LANA’s high volatility reading pairs 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.
LanaCoin price is in a good position going forward. With support at $0.000368933353141659 and resistance near $0.000652856673381069. This positions LanaCoin 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 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.Â
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