Ethereum Classic (ETC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has fallen 2.29% to $15.48.
Moderately Volatile
InvestorsObserver gives Ethereum Classic a moderate volatility rank of 27, placing it in the bottom 27% of cryptos on the market.
The Volatility Gauge tracks meaning that one day won’t make or break its rank.
ETC’s moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Ethereum Classic price is in a favorable position going forward. With support near $14.7 and resistance set at $15.79. This leaves Ethereum Classic with room to run before facing selling pressures.
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.
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