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USD Coin (USDC) Rises 0.03%, Underperforms the Crypto Market Thursday

Thursday, December 23, 2021 08:56 AM | InvestorsObserver Analysts
USD Coin (USDC) Rises 0.03%, Underperforms the Crypto Market Thursday

USD Coin (USDC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Stablecoins has added 0.03% to $0.9997083643.

volatility - 2
InvestorsObserver is giving USD Coin a 2 Volatility Rank. Find out what this means to you and get the rest of the rankings on USD Coin!

Low Volatility

InvestorsObserver gives USD Coin a low volatility rank of 2, placing it in the bottom 2% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won't make or break its rank. USDC's low volatility reading is paired 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.

USD Coin price is in a good position going forward. With support around $0.997694888761293 and resistance near $1. This positions USD Coin 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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