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Pax Dollar (USDP) Rises 0.06%, Underperforms the Crypto Market Saturday

Saturday, April 08, 2023 01:49 PM | InvestorsObserver Analysts
Pax Dollar (USDP) Rises 0.06%, Underperforms the Crypto Market Saturday

Pax Dollar (USDP) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the Stablecoins has increased 0.06% to $0.9965235696.

volatility - 3
InvestorsObserver is giving Pax Dollar a 3 Volatility Rank. Find out what this means to you and get the rest of the rankings on Pax Dollar!

Low Volatility

InvestorsObserver gives Pax Dollar a low volatility rank of 3, placing it in the bottom 3% of cryptos on the market.

The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. USDP's low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.

Pax Dollar price is well positioned going forward. With support around $0.991412117348404 and resistance near $1. This positions Pax Dollar with room to run before facing selling pressures.

What is a Token?

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

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