Dai (DAI) Remains Neutral%, Underperforms the Crypto Market Saturday

Saturday, September 16, 2023 09:58 AM | InvestorsObserver Analysts

Dai (DAI) has been relatively less volatile compared to the crypto market. So far Saturday, the Stablecoins has increased 0% to $0.9999524166.

InvestorsObserver is giving Dai a 2 Volatility Rank. Find out what this means to you and get the rest of the rankings on Dai!

Low Volatility

InvestorsObserver gives Dai a low volatility rank of 2, placing it in the bottom 2% of cryptos on the market.

The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. DAI'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.

Dai price is in a good position going forward. With support around $0.998829272678194 and resistance near $1. This positions Dai 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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