Golos Blockchain (GLS) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the crypto has lost 18.81% to $0.001189737556.
Moderately Volatile
InvestorsObserver gives Golos Blockchain a moderate volatility rank of 34, placing it in the bottom 34% of cryptos on the market.
The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day.
GLS’s moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Golos Blockchain price is trading near resistance. With support near $0.000957333217614848 and resistance set at $0.00125596808759268. This positions Golos Blockchain 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.