Polkadot (DOT) has been relatively less volatile compared to the crypto market. So far Sunday, the Distributed Software Platform has gained 1.85% to $4.75.
Low Volatility
InvestorsObserver gives Polkadot a low volatility rank of 16, placing it in the bottom 16% 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.
DOT’s low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Polkadot price is trading above resistance. With support set at $4.64 and resistance set at $4.7. This leaves Polkadot 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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