all41author Ethereum Classic (ETC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has gained 0.92% to $15.68.
Moderately Volatile
InvestorsObserver gives Ethereum Classic a moderate volatility rank of 32, placing it in the bottom 32% 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 coupled 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 favorably positioned going forward. With support at $15.15 and resistance at $15.87. This positions 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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