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Cryptocurrency News Articles
PayPal USD: A Stablecoin for Risk-Averse Investors in a Volatile Market
Mar 24, 2024 at 10:26 am
PayPal USD (PYUSD) exhibits low volatility, ranking in the bottom 2% of cryptocurrencies. Its stable price swings and protection against manipulation are indicated by a low volatility and risk/reward gauge. PYUSD is currently in a favorable position, with support at $0.9954 and resistance at $1, providing potential for further growth.
Is PayPal USD the Stablecoin for You?
PayPal USD (PYUSD) has shown surprising resilience amidst the crypto market's recent volatility. As of Sunday, this stablecoin has eked out a modest 0.06% gain to reach $0.9980777066.
Low Volatility: A Safe Haven?
InvestorsObserver assigns PYUSD a low volatility rank of 2, placing it among the calmest 2% of cryptos. This rating reflects the coin's recent stability, not being swayed by occasional market fluctuations.
Coupled with its low Risk/Reward Gauge reading, PYUSD suggests a relatively narrow price range and protection from price manipulation. This stability could appeal to investors seeking a less volatile asset.
Is There Room to Grow?
PayPal USD currently enjoys a favorable price position. Support at $0.995409024328598 and resistance at $1 provide some breathing room before it faces selling pressures. This suggests potential for further gains before any significant downward pressure.
What's a Token, Anyway?
Tokens are digital assets that reside on the blockchain of another cryptocurrency. They inherit the security and infrastructure of the underlying blockchain, offering a convenient and interoperable form of digital currency.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- Uncover the Hidden Gems: XYZVerse (XYZ), Ondo (ONDO), MEW (MEW), PEPE (PEPE), and TRON (TRX)
- Nov 25, 2024 at 10:00 am
- As the cryptocurrency market surges to unprecedented levels, savvy investors are looking beyond the well-known digital assets. Hidden within the vast array of tokens are unexpected contenders that could significantly boost investment portfolios. Uncovering these under-the-radar coins might be the key to maximizing returns in this bullish landscape.
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- SEI, JUP, and XYZVerse (XYZ) Are Poised for Significant Gains as the Market Heats Up
- Nov 25, 2024 at 09:50 am
- Large investors are turning their attention to specific cryptocurrencies, indicating confidence in their potential for significant gains. Market trends reveal that certain tokens are gaining momentum, capturing the interest of those keen to capitalize on the ongoing bullish sentiment.
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- Unearthing the Hidden Gems: Promising Low-Cost Cryptocurrencies Poised for Gains in the Forthcoming Bull Run
- Nov 25, 2024 at 09:50 am
- In the rapidly evolving crypto landscape, affordable digital coins often escape attention despite their high potential. Unearthing these underrated assets could be pivotal for those aiming to amplify returns in the next market surge. Discovering low-cost yet promising cryptocurrencies might be the strategy enhancer needed for maximizing gains in the forthcoming bull run.
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