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Cryptocurrency News Articles
Modefi's Wild Ride: High Volatility, Low Manipulation Risk
Mar 22, 2024 at 07:11 pm
Is Modefi a Wild Ride?
Modefi (MOD) has been on a rollercoaster lately, showing more ups and downs than the crypto market as a whole. So far today, it's up a whopping 34.42% to $0.1323348003.
High-Risk, High-Reward?
InvestorsObserver gives Modefi a volatility rank of 87, putting it in the top 13% of cryptos. That means it's one of the more unpredictable coins out there. But here's the twist: MOD's risk/reward gauge is low, which suggests that while it might swing wildly, it's not as susceptible to manipulation as some others.
Resistance Ahead?
Right now, Modefi is hovering near resistance at $0.134462607904851. That means it might face some selling pressure if it tries to push higher. Support is down at $0.0782608519043324, so it's got a little cushion before it falls too far.
What's a Token, Anyway?
Tokens are like digital IOUs that live on other cryptocurrencies' blockchains. They can represent anything from ownership in a project to access to a specific service.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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- Oct 30, 2024 at 08:15 am
- The federal government is still developing the system, with a pilot expected to run next year. Known as the “Trust Exchange”, it is part of the Trusted Digital Identity Framework, which is designed to securely verify people’s identities using digital tokens.
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- Maga (TRUMP) Coin Shows Renewed Bullish Signs a Week Before the 2024 United States Presidential Election
- Oct 30, 2024 at 08:15 am
- As of this writing, the Donald Trump-inspired meme coin is trading at $4.49, noting a 35% uptick over the past week. Its technical setup hints at the possibility of an extended rally. This analysis explores why.
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- Shiba Inu (SHIB) Price Shows Signs of Breakout, But Crypto Experts Believe This Low-cost Token (ETFS) Has More Potential to Grow 30,000% First
- Oct 30, 2024 at 08:15 am
- The Shiba Inu price has been an impressive uptick as the crypto market gains stability. Crypto experts have even begun making significant projections as high as 50% for Shiba Inu price in the coming days.
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- Tether Mints $1B USDT on Tron Blockchain, but Tokens Are Still Under "Authorized But Not Issued" Status
- Oct 30, 2024 at 08:15 am
- The newly minted tokens are already available to use, however, they are still under the “authorized but not issued”, meaning that the new billion USDT won’t impact Tether's market capitalization.