USD Coin (USDC) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the Stablecoins has declined 0.13% to $0.998897119.
Low Volatility
InvestorsObserver gives USD Coin a low volatility rank of 2, placing it in the bottom 2% of cryptos on the market. The Volatility Gauge tracks the previous 60 days, meaning that one day won’t make or break the score.
USDC’s low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.
USD Coin price is favorably positioned going forward. With support around $0.996420053073742 and resistance set at $1. This leaves USD Coin with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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