Quantum Resistant Ledger (QRL) has experienced significant volatility compared to other cryptocurrencies in the market. Since Friday, QRL is down 13.84% to $0.1322721004. InvestorsObserver has assigned QRL a high volatility score of 76, placing it in the top 24% of cryptocurrencies.
While QRL’s high volatility reading indicates the potential for price volatility, it is also accompanied by a low risk/reward reading. This means that QRL is less prone to price manipulation and has the potential for an upward movement. QRL support is currently set at $0.108956880369237, with resistance near $0.141830242672017.
A coin in the context of cryptocurrencies refers to a digital currency that operates on its own blockchain network. Coins are mainly used for different payment purposes depending on the particular cryptocurrency and its intended use case.
It is important to note that daily price fluctuations will not significantly affect QRL’s volatility ranking. Investors should consider these factors when evaluating the potential risks and rewards of investing in QRL.
Sources: InvestorsObserver Analysts, PR Newswire via QuoteMedia
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2023-09-30 04:58:40
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