Nyerium (NYEX) has been relatively more volatile compared to the crypto market. So far Monday, the crypto has added 2.09% to $0.0003852882297.
InvestorsObserver gives Nyerium a high volatility rank of 85, placing it in the top 15% of cryptos on the market.
The Volatility Gauge tracks meaning that one day won’t make or break its rank.
NYEX’s high volatility reading comes 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.
Nyerium price is trading above resistance. With support set at $0.000373630637625073 and resistance at $0.000381916934713562. This leaves Nyerium 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.