Monero Classic (XMC) Down 0.06% Wednesday: What’s Next?

Monero Classic (XMC) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has fallen 5.83% to $0.3997330403.

InvestorsObserver is giving Monero Classic a 98 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero Classic!

Highly Volatile

InvestorsObserver gives Monero Classic a high volatility rank of 98, placing it in the top 2% of cryptos on the market.

The Volatility Gauge tracks which means that one day won’t define its volatility rank – a trend will.

XMC’s high volatility reading is coupled 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.

Monero Classic price is well positioned going forward. With support near $0.375403061984894 and resistance near $0.408394858716843. This positions Monero Classic 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.

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