EDC Blockchain (EDC) Rises 58.65%, Outperforms the Crypto Market Thursday

Thursday, July 14, 2022 04:53 PM | InvestorsObserver Analysts

EDC Blockchain (EDC) has been relatively more volatile when compared to other cryptocurrencies. So far Thursday, the crypto has gained 58.65% to $0.004597508817.

InvestorsObserver is giving EDC Blockchain a 94 Volatility Rank. Find out what this means to you and get the rest of the rankings on EDC Blockchain!

See Full Report

Highly Volatile

InvestorsObserver gives EDC Blockchain a high volatility rank of 94, placing it in the top 6% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. EDC's high volatility reading is coupled 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 trading above resistance. With support set at $0.00199841892940616 and resistance set at $0.00339773412456428. This positions EDC Blockchain out of range and potentially in a volatile position if the rally burns out.

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.