Ethereum Classic (ETC) Falls 0.01%, Underperforms the Crypto Market Saturday

Saturday, January 08, 2022 06:48 AM | InvestorsObserver Analysts

Ethereum Classic (ETC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the crypto has dropped 0.89% to $30.58.

InvestorsObserver is giving Ethereum Classic a 11 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ethereum Classic!

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Low Volatility

InvestorsObserver gives Ethereum Classic a low volatility rank of 11, placing it in the bottom 11% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. ETC's low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

Ethereum Classic price is favorably positioned going forward. With support at $29.28 and resistance at $31.53. This leaves Ethereum Classic 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.