EDC Blockchain (EDC) Falls 0.35%, Underperforms the Crypto Market Monday

Monday, January 24, 2022 01:33 PM | InvestorsObserver Analysts

EDC Blockchain (EDC) has been relatively more volatile when compared to other cryptocurrencies. So far Monday, the crypto has lost 35.35% to $0.003971364241.

InvestorsObserver is giving EDC Blockchain a 90 Volatility Rank. Find out what this means to you and get the rest of the rankings on EDC Blockchain!

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Highly Volatile

InvestorsObserver gives EDC Blockchain a high volatility rank of 90, placing it in the top 10% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. EDC's high volatility reading pairs 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.

EDC Blockchain price is in a favorable position going forward. With support at $0.00215759354807927 and resistance set at $0.00532759067766859. This leaves EDC Blockchain 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.