Ethereum Gold (ETG) has been relatively more volatile compared to the crypto market. So far Saturday, the Payment Tokens has declined 37.24% to $0.006235354953.
Highly Volatile
InvestorsObserver gives Ethereum Gold a high volatility rank of 96, placing it in the top 4% of cryptos on the market.
The Volatility Gauge analyzes this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
ETG’s high volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.
Ethereum Gold price is in a good position going forward. With support near $0.00610828397434165 and resistance near $0.00655740031611135. This leaves Ethereum Gold 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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