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Ethereum Gold (ETG), High Volatility and Rising Wednesday: Is it Time to Cash Out?

Wednesday, January 05, 2022 04:47 PM | InvestorsObserver Analysts
Ethereum Gold (ETG), High Volatility and Rising Wednesday: Is it Time to Cash Out?

Ethereum Gold (ETG) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the Payment Tokens has advanced 105.85% to $0.02923727989.

volatility - 87
InvestorsObserver is giving Ethereum Gold a 87 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ethereum Gold!

Highly Volatile

InvestorsObserver gives Ethereum Gold a high volatility rank of 87, placing it in the top 13% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. ETG's high volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

Ethereum Gold price is trading above resistance. With support near $0.00726856978108989 and resistance at $0.0262791462006222. This leaves Ethereum Gold out of range and potentially in a volatile position if the rally burns out.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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