Ethereum Classic (ETC) Rises 11.73%, Outperforms the Crypto Market Monday
Ethereum Classic (ETC) has been relatively less volatile when compared to other cryptocurrencies. So far Monday, the crypto has added 11.73% to $32.79.
Low Volatility
InvestorsObserver gives Ethereum Classic a low volatility rank of 15, placing it in the bottom 15% 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 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.
Ethereum Classic price is trading above resistance. With support around $28.9 and resistance around $29.93. This leaves Ethereum Classic 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.
