Q DAO Governance token v1.0 (QDAO) has been relatively more volatile when compared to other cryptocurrencies. So far Monday, the crypto has advanced 16.62% to $3.84.
Highly Volatile
InvestorsObserver gives Q DAO Governance token v1.0 a high volatility rank of 80, placing it in the top 20% of cryptos on the market.
The Volatility Gauge analyzes which means that one day won’t define its volatility rank – a trend will.
QDAO’s high volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.
Q DAO Governance token v1.0 price is trading above resistance. With support at $3.22 and resistance around $3.37. This leaves Q DAO Governance token v1.0 out of range and potentially in a volatile position if the rally burns out.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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