Datacoin (DTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far on Monday, the crypto is down 2.85% to $0.0004136961912.
Investors Datacoin gives it a moderate volatility rating of 47, which puts it in the lowest 47% of the cryptocurrencies in the market.
The volatility scale follows meaning that one day it will never achieve or break its rank. The moderate volatility reading for DTC is paired with a low reading on the risk/reward scale, which means that the coin has moderate price volatility and is well protected from price manipulation.
Datacoin price is trading near the resistance level. With support around 0.000401529612216375 and resistance near $0.000414787512934975. This places Datacoin with potential selling pressure in the future as it may be extended.
What is the currency?
A coin is a cryptocurrency that is on its own blockchain. These are commonly used for payments. Depending on the cryptocurrency, the use of these payments may vary from general use in the digital money sub-category to more specific uses in some other sub-category.