Ethereum Classic (ETC) Rises 1.05%, Outperforms the Crypto Market Sunday

Sunday, January 23, 2022 11:41 AM | InvestorsObserver Analysts

Ethereum Classic (ETC) has been relatively less volatile when compared to other cryptocurrencies. So far Sunday, the crypto has added 1.05% to $24.12.

InvestorsObserver is giving Ethereum Classic a 13 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 13, placing it in the bottom 13% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. ETC's low volatility reading is coupled 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 set at $21.63 and resistance near $26.22. 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.