Polkadot (DOT) falls 0.02%, leaving crypto market behind on Tuesday – InvestorsObserver

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According to a recent market analysis, Polkadot (DOT) was relatively less volatile than the crypto market. So far, the Distributed Software Platform is down 1.56% on Tuesday to $ 30.08.

InvestorsObserver gives Polkadot an 18 volatility rank. Find out what that means to you and get the rest of the leaderboard on Polkadot!

Low volatility

InvestorsObserver gives Polkadot a rank of 18 with low volatility, placing it in the bottom 18% of cryptos on the market.

The volatility meter analyzes, which means that one day it won’t determine its volatility rank – a trend will. The low volatility of DOT comes with a low value on the risk / reward indicator, which means that the coin has relatively narrow price fluctuations and is well protected from price manipulation.

The Polkadot Prize is in a favorable position for the future. With support near $ 28.64 and resistance near $ 30.71. This gives Polkadot leeway before facing selling pressures.

What is a coin

A coin is a cryptocurrency that exists on its own blockchain. these are usually used for payments. Depending on the cryptocurrency, the intended use of these payments can vary from general use in the “digital money” subclass to more specific uses in a few other subclasses.


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