Deutsche eMark (DEM) Surges 25.5%, Outperforms Crypto Market on Monday
German eMark (DEM) has been relatively more volatile than the crypto market according to recent market analysis. So far on Monday, the crypto is up 25.5% to $0.0008426842992.
InvestorsObserver gives Deutsche eMark a high volatility ranking of 93, placing it in the top 7% of cryptos in the market.
The volatility gauge analyzes which means that a day will not define its volatility rank – a trend will. DEM’s high volatility reading is paired with a low reading on the Risk/Reward Gauge, which means the coin has relatively large price swings and is well protected against price manipulation.
The Deutsche eMark price is trading above the resistance. With support near 0.000613438560371943 and resistance around 0.000786256174301453. This positions Deutsche eMark out of reach and potentially in a volatile position if the rally wears off.
What is a room?
A coin is a cryptocurrency that exists on its own blockchain. these are usually used for payments. Depending on the cryptocurrency, the use of these payments can vary from general use in the digital currency subclass to more specific uses in certain other subclasses.
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