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Peercoin (PPC) Rises 12.64%, Outperforms the Crypto Market Monday

Monday, April 01, 2024 07:58 AM | InvestorsObserver Analysts
Peercoin (PPC) Rises 12.64%, Outperforms the Crypto Market Monday

Peercoin (PPC) has been relatively less volatile when compared to other cryptocurrencies. So far Monday, the Digital Money has added 12.64% to $0.5584664818.

volatility - 21
InvestorsObserver is giving Peercoin a 21 Volatility Rank. Find out what this means to you and get the rest of the rankings on Peercoin!

Low Volatility

InvestorsObserver gives Peercoin a low volatility rank of 21, placing it in the bottom 21% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. PPC's low volatility reading is paired 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.

Peercoin price is trading above resistance. With support near $0.474948779659882 and resistance around $0.524726674872055. This positions Peercoin 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.

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