EDC Blockchain (EDC) Falls 0.5%, Underperforms the Crypto Market Sunday

Sunday, July 31, 2022 10:38 AM | InvestorsObserver Analysts

EDC Blockchain (EDC) has been relatively more volatile when compared to other cryptocurrencies. So far Sunday, the crypto has lost 50% to $0.001800428786.

InvestorsObserver is giving EDC Blockchain a 95 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 95, placing it in the top 5% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. EDC's high volatility reading comes 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 good position going forward. With support at $0.00100010245454215 and resistance at $0.00250083728109203. This positions 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.