Binance USD (BUSD) Falls 0%, Outperforms the Crypto Market Saturday
Binance USD (BUSD) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the Stablecoins has lost 0.02% to $1.
Low Volatility
InvestorsObserver gives Binance USD a low volatility rank of 1, placing it in the bottom 1% of cryptos on the market.
The Volatility Gauge takes into account meaning that one day won’t make or break its rank.
BUSD’s low volatility reading is coupled 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.
Binance USD price is favorably positioned going forward. With support set at $0.999021698147236 and resistance near $1. This positions Binance USD 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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