Gemini Dollar (GUSD) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Stablecoins has gained 0.65% to $1.01.
InvestorsObserver gives Gemini Dollar a low volatility rank of 5, placing it in the bottom 5% of cryptos on the market.
The Volatility Gauge follows which means that one day won’t define its volatility rank – a trend will.
GUSD’s low volatility reading comes 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.
Gemini Dollar price is trading near resistance. With support set at $0.995055319438176 and resistance set at $1.01. This leaves Gemini Dollar with potential selling pressures ahead as it may be getting over extended.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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