Monero Classic (XMC) Falls 0.08%, Underperforms the Crypto Market Monday

Monero Classic (XMC) has been relatively more volatile when compared to other cryptocurrencies. So far Monday, the crypto has lost 7.92% to $0.4097766607.

InvestorsObserver is giving Monero Classic a 97 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 97, placing it in the top 3% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day.

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 trading near resistance. With support near $0.382141913572498 and resistance around $0.414401824871249. This leaves Monero Classic with potential selling pressures ahead as it may be getting over extended.

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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