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A recent market analysis shows that Binance USD (BUSD) is relatively less volatile than the cryptocurrency market. So far on Saturday, the stablecoin has fallen 0.06% to $0.999701644.
low volatility
investor observer Binance USD has a low volatility rank of 1, placing it in the bottom 1% of cryptocurrencies on the market.
The Volatility Gauge means that you can neither move up nor down the ranks in a single day. BUSD’s low volatility reading is paired with a low risk/reward gauge reading, meaning that the token’s price volatility is relatively small and well protected from price manipulation.
Binance USD price continues to be well positioned. Support near $0.998717034856224 and resistance near $1. This leaves Binance USD with room to perform before facing selling pressure.
What is a token?
A token is a digital asset that exists on the blockchain of another cryptocurrency.
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