Anoncoin (ANC) Falls 0.15%, Underperforms the Crypto Market Saturday

Saturday, December 04, 2021 10:14 AM | InvestorsObserver Analysts

Anoncoin (ANC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the crypto has lost 14.66% to $0.0427433773, reaching a five-day high.

InvestorsObserver is giving Anoncoin a 40 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 40, placing it in the bottom 40% of cryptos on the market. The Volatility Gauge tracks the previous 60 days, meaning that one day won't make or break the score. ANC's moderate volatility reading is coupled 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 trading near resistance. With support around $0.0389471757984408 and resistance set at $0.043384346721197. This leaves Anoncoin with potential selling pressures ahead as it may be getting over extended.

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.