Ethereum Classic (ETC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has gained 4.93% to $22.7.
Moderately Volatile
InvestorsObserver gives Ethereum Classic a moderate volatility rank of 33, placing it in the bottom 33% of cryptos on the market.
The Volatility Gauge follows which means that one day won’t define its volatility rank – a trend will.
ETC’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.
Ethereum Classic price is trading above resistance. With support around $21.4 and resistance set at $22.03. This leaves Ethereum Classic out of range and potentially in a volatile position if the rally burns out.
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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Read More: Ethereum Classic (ETC) Rises 4.93%, Outperforms the Crypto Market Sunday