AudioCoin (ADC), High Volatility and Falling Friday: Is it Time to Cash Out?

Friday, December 31, 2021 04:49 PM | InvestorsObserver Analysts

AudioCoin (ADC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Friday, the crypto has lost 2.17% to $0.0004632168644.

InvestorsObserver is giving AudioCoin a 98 Volatility Rank. Find out what this means to you and get the rest of the rankings on AudioCoin!

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Highly Volatile

InvestorsObserver gives AudioCoin a high volatility rank of 98, placing it in the top 2% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. ADC's high volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

AudioCoin price is in a favorable position going forward. With support around $0.000449721232940307 and resistance set at $0.000467917762649109. This leaves AudioCoin 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.