Q DAO Governance token v1.0 (QDAO) has been relatively more volatile compared to the crypto market. So far Friday, the crypto has increased 48.38% to $5.
InvestorsObserver gives Q DAO Governance token v1.0 a high volatility rank of 76, placing it in the top 24% of cryptos on the market.
The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day.
QDAO’s high volatility reading pairs 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.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.