Anoncoin (ANC) Falls 0.01%, Outperforms the Crypto Market Thursday

Thursday, June 08, 2023 07:59 AM | InvestorsObserver Analysts

Anoncoin (ANC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the crypto has lost 1.35% to $0.007671678978.

InvestorsObserver is giving Anoncoin a 24 Volatility Rank. Find out what this means to you and get the rest of the rankings on Anoncoin!

Low Volatility

InvestorsObserver gives Anoncoin a low volatility rank of 24, placing it in the bottom 24% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. ANC's low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

Anoncoin price is in a good position going forward. With support near $0.00747609381476684 and resistance at $0.00779056931758566. This positions Anoncoin 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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