Classic Ethereal (ETC) has been relatively average in terms of volatility compared to other cryptocurrencies. So far on Wednesday, the crypto is down 2.5% at $19.08.
moderately volatile
InvestorsObserver gives Ethereum Classic a moderate volatility range of 29, putting it in the bottom 29% of cryptocurrencies on the market.
The volatility indicator takes into account that this means that the range represents your recent trends and is not influenced too much by a sudden spike, or two, in volatility. ETC's moderate volatility reading is combined with a low reading on the risk/reward indicator, meaning the coin has moderate price swings and is well protected against price manipulation.
The Ethereum Classic price is well positioned for the future. With support at $18.49 and resistance at $19.37. This leaves Ethereum Classic with room to run before facing selling pressures.
What is a coin?
A coin is a cryptocurrency that exists on its own blockchain. these are normally used for payments. Depending on the cryptocurrency, the use made of those payments can vary from general use in the digital money subclass to more specific uses in some other subclasses.
