Anoncoin (ANC) Down 0% Sunday: What's Next?

Sunday, August 14, 2022 09:37 AM | InvestorsObserver Analysts

Anoncoin (ANC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has declined 0.03% to $0.01443638326.

InvestorsObserver is giving Anoncoin a 61 Volatility Rank. Find out what this means to you and get the rest of the rankings on Anoncoin!

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Moderately Volatile

InvestorsObserver gives Anoncoin a moderate volatility rank of 61, placing it in the top 39% of cryptos on the market.

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

Anoncoin price is in a good position going forward. With support at $0.0116788214714043 and resistance at $0.0198706724391095. This leaves 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.