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Dai (DAI) Rises 0.21%, Outperforms the Crypto Market Thursday

Thursday, December 30, 2021 01:08 PM | InvestorsObserver Analysts
Dai (DAI) Rises 0.21%, Outperforms the Crypto Market Thursday

Dai (DAI) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Stablecoins has added 0.21% to $0.9996438962.

volatility - 8
InvestorsObserver is giving Dai a 8 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 8, placing it in the bottom 8% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. DAI's low volatility reading is coupled 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 trading near resistance. With support at $0.993511230476018 and resistance at $1. This positions Dai with potential selling pressures ahead as it may be getting over extended.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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