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.
Low Volatility
InvestorsObservergives 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.Â
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