USD Coin (USDC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Stablecoins has added 0.03% to $0.9997083643.
InvestorsObserver is giving USD Coin a 2 Volatility Rank. Find out what this means to you and get the rest of the rankings on USD Coin!
InvestorsObserver gives USD Coin a low volatility rank of 2, placing it in the bottom 2% of cryptos on the market.
The Volatility Gauge analyzes meaning that one day won’t make or break its rank.
USDC’s low volatility reading is paired 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 in a good position going forward. With support around $0.997694888761293 and resistance near $1. This positions 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.
Read More:USD Coin (USDC) Rises 0.03%, Underperforms the Crypto Market Thursday